California’s Greenhouse Gas Allowance Auction To Be Held Tomorrow
The California Air Resources Board has given notice of the first greenhouse gas allowance auction to be held tomorrow (November 14). Last April, I wrote about the market in “Trading In California’s Greenhouse Gas Allowances – Fraud’s New Frontier?” The auction will be effected on an internet-based platform and will have a single-round, sealed-bid format. The auction is scheduled to last only three Read more...
How Many Errors Can You Make In 9,000 Words, More Or Less?
The Jumpstart Our Business Startups Act (JOBS Act) is a very modest 9,000+ words. In comparison, the Dodd-Frank Act is a hefty 360,000+ words. Thus, I find the number of technical errors in the JOBS Act to be surprising. One such error is likely to cause some consternation. Before there was a JOBS Act, a Dodd-Frank Act or even a Sarbanes-Oxley Act, Read more...
Trading In California’s Greenhouse Gas Allowances – Fraud’s New Frontier?
As part of California’s Cap and Trade Program, the Air Resources Board will issue will issue tradable permits (Greenhouse Gas (GHG) allowances) that authorize a permit holder to emit a specific quantity of GHGs. Entities will obtain these GHG allowances from the ARB through an auction or reserve sale or by purchase from a marketplace. With any market, there are risks of Read more...
