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Obama Administration Opens Up Oil and Gas Development and Exploration in Gulf of Mexico, Atlantic and Arctic

Green Car Congress

The strategy will guide the current 2007-2012 offshore oil and gas leasing program, which was written by the previous administration but found by the courts last year to be legally flawed, as well as the new 2012-2017 program that this administration will propose.

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Perspective: Regional Greenhouse Gas Cap-and-Trade Programs May be the Solution

Green Car Congress

If they don’t have enough allowances to cover their emissions they must purchase more or face a penalty. The opportunities for private-parties to buy and sell emissions allowances, and to purchase any allowances auctioned by the state, lie behind cap and trade’s potential to achieve emissions reductions at low cost to the overall economy.

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