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California sells 19.5 mln carbon allowances at $11.48 each

Posted on 25 February 2014

California, the second-most polluting state in the U.S., sold 19.5 million carbon allowances at auction for $11.48 each, in line with analysts’ expectations.
Units of BP Plc (BP/), Chevron Corp. and Calpine Corp. were among the companies that qualified to buy permits in the Feb. 19 auction, a report posted on the state Air Resources Board’s website today showed. The agency doesn’t disclose the names of winning bidders. The state received 1.27 offers for every permit put up for sale………………………………………..Full Article: Source


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