30 May '11, 10am

New Jersey Leaves the Regional Greenhouse Gas Initiative

New Jersey Governor Chris Christie (R) announced that his state is leaving the Regional Greenhouse Gas Initiative (RGGI), a cap-and-trade scheme involving 10 northeastern states. During a press conference, Christie called the RGGI a “failure,” and claimed it is “not effective in reducing greenhouse gases and is unlikely to be in the future.” He described the RGGI as “nothing more than a tax on electricity, a tax on our residents and on businesses with no discernible effect on our environment.”

Full article: http://www.triplepundit.com/2011/05/new-jersey-leaves-reg...

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