Washington Auctions Reserve Carbon Allowances to Relieve Price Pressure
Financial Traders Barred from This Auction, Will be Allowed in Next
Washington oil refineries, like this one in Tacoma, are subject to the state's cap-and-trade program, which critics blame for high gasoline prices. | Par Pacific
Aug 9, 2023
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Washington held a special cap-and-trade auction intended to help keep carbon costs in check after May’s quarterly auction cleared at an unexpectedly high price.