Cos. Warn Cap-And-Trade Will Drive Industry Out Of Calif.

Law360, San Diego (August 14, 2012, 9:48 PM EDT) -- California's cap-and-trade program came under fire at a Tuesday informational hearing from manufacturers that said it would erode their competitiveness and ability to survive in the state, and from lawmakers who questioned whether the benefits of the program outweighed the costs.

Richard Corey, deputy executive officer of the California Air Resources Board, told the Select Committee on California Job Creation and Retention that the program, which sets a cap on how much of a certain pollutant can collectively be emitted and allows under- and over-polluters to...
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