UPDATE 1-California unveils draft cap-and-trade rules

Newswire

* Cap-and-trade could include small transportation in 2012 * State sees targets in line with proposed federal plan * Cap-and-trade part of plan to cut total state emissions (Adds plan details, quote from regulator, byline) By Peter Henderson SAN FRANCISCO, Nov 24 (Reuters) - California on Tuesday released draft rules for its landmark greenhouse gas cap-and-trade plan that will be the most ambitious U.S. effort to use the market to address global warming. State law requires ...

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