NJ Gov. Vetoes Greenhouse Gas Initiative Bill

Law360, New York (July 26, 2012, 7:07 PM EDT) -- New Jersey Gov. Chris Christie on Thursday vetoed a bill that specifically required the state's participation in a cap-and-trade program, accusing the Legislature of putting politics ahead of policy by sending the measure to his desk.

Christie announced in May 2011 that the state would drop out of the Regional Greenhouse Gas Initiative, in which member states cap carbon dioxide emissions from electric power plants, because it allegedly increased costs for New Jersey ratepayers without a measurable environmental benefit. When the Legislature passed a similar measure...
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