by Katy Grimes
As Appearing in the California Globe
California’s Cap and Trade manipulations and illegal Delaware corporation WCI Inc. about to be investigated
“The United States today filed a civil complaint against the state of California, several of its officers, the California Air Resources Board, and the Western Climate Initiative Inc., for unlawfully entering a cap and trade agreement with the Canadian Province of Quebec,” the Department of Justice reported.
Well, it’s about time! In 2012, I reported the news that the California Air Resources Board California was working with Quebec on the reduction of carbon emissions in Bienvenue à Québec, CARB!.
I also broke the news that CARB set up a private corporation, Western Climate Initiative Inc. to manage the cap and trade program, in Delaware. “Cap-and-trade” refers to a regulatory system that imposes a cap on greenhouse gas emissions (GHG’s), grants regulated entities “emission allowances”—entitling them to emit a specified quantity of GHGs—and creates a market in which regulated entities may buy and sell allowances.
