California Releases First Draft 'Cap And Trade' Plan To Cut Greenhouse Gases

03/18/2010 05:12 am ET | Updated May 25, 2011

The California Air Resources Board on Tuesday released a preliminary version of its first-in-the-nation "cap and trade" plan to cut greenhouse-gas emissions.

Tens of billions of dollars will be at stake as the board fills in the details of the program over the next year.

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