Sacramento Bee: It will be a lifeline of sorts for the cement factories, oil refiners and hundreds of other businesses struggling with California's stringent greenhouse-gas restrictions.
Soon they'll be able to comply - in part - by paying other people to reduce their own carbon emissions.
That's right: Under standards being drawn up by the California Air Resources Board, companies that have to meet the state's greenhouse-gas standards will be able to satisfy part of their burden by purchasing "offsets" -...