Buying Up the Right to Pollute. "Power companies that release more SO2 than their permits allow must attempt to buy more allowances at the auctions, or purchase them at a premium from companies that have allowances to spare. Those that can't gather enough allowances or that go beyond certain emissions limits in a given year face strict fines from the EPA." (from a 4/7 Wired article) You may have heard of these "allowances" before, but the Acid Rain Retirement Fund, a non-profit, is doing something about them: *buying* them and simply letting them expire. Search NetworkForGood for "ARRF" to make a donation. [via our own CTP's Recursive Irony]
posted by scarabic on Apr 13, 2004 - 12 comments