Dear pollutey companies of Washington state, your days are numbered. House Bill 1819, backed by Gov. Chris Gregoire (D), has whizzed through committee and is on its way to a full vote.
The bill sets up a cap-and-trade system that would limit greenhouse-gas emissions and require companies to purchase the right to pollute further, while greener biz folk would profit by auctioning off their unused allowances. Hooray for rewarding the good guys!
The carbon trading market would extend to six other states and four Canadian provinces — all part of the Western Climate Initiative — once the bill is passed here and in the other jurisdictions.