No Need To Continue Cap-And-Trade Fight, Calif. Says

Law360, New York (June 14, 2017, 5:36 PM EDT) -- California air regulators and allied environmental groups urged the state Supreme Court on Wednesday to reject challenges to the state's greenhouse gas cap-and-trade program, saying arguments that auction revenues constitute an unauthorized tax are increasingly academic given the program's unique nature and subsequent state tax law changes.

The California Chamber of Commerce, National Association of Manufacturers and Morning Star Packing Co. want the Supreme Court to review an appellate court's April conclusion that the revenues generated from the cap-and-trade auctions run by the California Air Resources Board, or CARB, don't equate to a tax. In its petition, CalChamber argues the decision...

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