OTHER NEWS - June 30, 1994
From Times Staff and Wire Reports
Union Carbide Corp. Sells Smog Credits: The company’s plant in Torrance became the first major participant in the state’s controversial Regional Clean Air Incentives Market program, under which companies are given pollution credits that may be sold. State officials said the plant sold 3.4 million credits--$1.2-million worth--last week to Anchor Glass Container Corp., a private company in Huntington Park. A credit gives the owner the right to emit a pound of nitrogen oxide. The program, launched in October, aims to reduce total allowable emissions in coastal Southern California by 80% by the year 2010. An auction designed to handle high trading volume has twice been postponed for lack of demand.
