Wednesday, November 5, 2008

Md. earns $16.4 million in carbon emission allowances

Maryland earned nearly $16.4 million last week in the nation's first mandatory auction of rights for power plants to release climate-changing pollution, state officials reported today.

Most of the proceeds will go toward promoting energy efficiency among the state's electricity consumers and for providing some relief from soaring power bills.

[nice: raise the cost by 16.4M$, then use some of it to 'provide relief' to the costs you just increased. And the difference? It's called profit.]

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