News

April 23, 2012

LCFS Enforcement Injunction Is Lifted

On April 23, 2012, the Ninth Circuit Court of Appeals granted an ARB motion for a stay of the injunction while it continues to consider an ARB appeal of the lower court decision which preliminarily enjoined the ARB from enforcing the LCFS regulation.  The Ninth Circuit court’s ruling allows the ARB to continue implementation of the LCFS and resume enforcement.

 

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Our easy-to-use online trading platform makes it possible for automakers, engine manufacturers, fuels producers, and fleet operators to buy and sell regulatory compliance credits via forward auctions and reverse auctions.
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In a Forward Auction, a company with excess credits initiates an auction to sell credits and companies needing credits bid to buy them. As the auction proceeds, bidding drives up the price of the credits. When the auction ends, the company that has offered to pay the most for the credits is the winner.

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In a Reverse Auction, a company needing credits initiates an auction to purchase credits and companies with excess credits bid to sell their credits to that company. As the auction proceeds, bidding drives the price of the credits down. When the auction ends, the company that has offered to sell their credits for the least amount of money is the winner.

See An Example