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November 14, 2013

State approves wave of “offsets” to ease compliance with carbon rules

To the oil refiners, cement makers and hundreds of other California companies laboring under the state’s strict limits on greenhouse gas emissions, state regulators served up some relief Wednesday.

The California Air Resources Board said it has approved a major batch of carbon “offset” credits that will make it easier for companies to comply with the emission rules. The agency approved credits generated by two forest projects on opposite coasts: Willits Woods, a 19,000-acre forest in Mendocino County, and a site in rural Maine. Read More

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