Release: PLF lawsuit challenges cap-and-trade auction as unconstitutional

Sacramento, CA; April 16, 2013: Attorneys with Pacific Legal Foundation today filed a lawsuit challenging California’s “cap and trade” auction regulation. The regulation creates a quarterly auction program requiring many California employers to bid significant amounts of money for the privilege of continuing to emit carbon dioxide — or be faced with closing their doors in California, laying off their employees, and moving their businesses to other states. Read the entire press release.