Bill Aims To Hand Carbon Market Oversight To CFTC
Sens. Dianne Feinstein, D-Calif., and Olympia Snowe, R-Maine, said Tuesday their legislation is aimed at preventing Enron-like fraud in the new federal, state and regional carbon markets that will be established under the cap-and-trade system to reduce greenhouse gas emissions.
Carbon allowances are permits to emit one metric ton of carbon dioxide into the atmosphere. Polluters...
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