WCI Update
The Western Climate Initiative, is a group that includes California, Arizona, Utah, Montana, New Mexico, Oregon and Washington as well as Canadian provinces Manitoba and British Columbia.
The group, is expected to introduce a cap-and-trade system by this month. That has financial players drooling over a new carbon trading platform for a region that has 63 million people and a GDP of $2.9-trillion.
Environmentalists hope the WCI initiative will spur the U.S. government to act. Both the U.S. Senate and the House of Representatives are considering bills that would establish a national cap-and-trade system, but neither is expected to pass before the November election.
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