Deal on greenhouse emissions

Looks like California is about to pass the nation's toughest state initiative to control greenhouse emissions. Gov. Arnold Schwarzenegger and the Democrat-controlled legislature have reached a compromise on the bill. It's expected to pass both the Assembly and Senate before the session ends tomorrow night. "I am happy to announce we have reached a historic agreement on legislation to combat global warming," Schwarzenegger said Wednesday. The measure apprently will include provisions to trade emission allowances in a market. That had been a stumbling block earlier in the week.



More by Mark Lacter:
American-US Air settlement with DOJ includes small tweak at LAX
Socal housing market going nowhere fast
Amazon keeps pushing for faster L.A. delivery
Another rugged quarter for Tribune Co. papers
How does Stanford compete with the big boys?
Those awful infographics that promise to explain and only distort
Best to low-ball today's employment report
Further fallout from airport shootings
Crazy opening for Twitter*
Should Twitter be valued at $18 billion?
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Mark Lacter
Mark Lacter created the LA Biz Observed blog in 2006. He posted until the day before his death on Nov. 13, 2013.
 
Mark Lacter, business writer and editor was 59
The multi-talented Mark Lacter
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