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$330M spent at California carbon-permit auction

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SACRAMENTO, Calif. (AP) — State officials say California's latest carbon-permit auction has raised nearly $330 million. The Sacramento Bee reports industrial firms and others bought emissions allowances that can be used this year and in 2017. At the auction on Monday, the 2014 allowances sold for $11.34 per ton, while the 2017 permits went for $11.38. It was the sixth state-run carbon auction...

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