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Businesses soon may meet California air rules by paying someone else to slash emissions

2013-08-11 16:00:00| Climate Ark Climate Change & Global Warming Newsfeed

Sacramento Bee: It will be a lifeline of sorts for the cement factories, oil refiners and hundreds of other businesses struggling with California's stringent greenhouse-gas restrictions. Soon they'll be able to comply - in part - by paying other people to reduce their own carbon emissions. That's right: Under standards being drawn up by the California Air Resources Board, companies that have to meet the state's greenhouse-gas standards will be able to satisfy part of their burden by purchasing "offsets" -...

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