State appeals court upholds California's cap-and-trade program

By Chris Megerian, Los Angeles Times.

California's controversial cap-and-trade program, a cornerstone of the state's battle against climate change, has been upheld by a state appeals court.

Two judges on the appeals court panel sided with state officials who argued that the program, which requires companies to buy permits to release greenhouse gases into the atmosphere, fell within their authority to regulate industry. 

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