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May 31, 2011 10:32 pm

NJ Quits Cap & Trade Program

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NYT – Gov. Chris Christie said Thursday that New Jersey would become the first state to withdraw from a 10-state trading system, the Regional Greenhouse Gas Initiative, declaring it an ineffective way to reduce carbon dioxide emissions.

At a morning news conference, the governor asserted that New Jersey was succeeding in reducing its carbon dioxide emissions not because of the multistate program, known as RGGI (pronounced Reggie), but because it is relying more on natural gas and less on coal to fill its energy needs.

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