Bullet Train Hurt: Cap-and-Trade Funding Falls Short of Expectations

Posted & filed under California Eminent Domain Law Blog, California Eminent Domain Project News, In the News, Uncategorized.

California’s proposed high-speed rail project hit another hurdle as the latest auction in California’s cap-and-trade market for greenhouse gasses generated revenues sharply below expectations. Buyers purchased just 2% of the carbon credits whose sales are meant to supply funding to the high-speed rail project, according to the LA Times. The rail authority expected about $150… Read more »