General Electric Co and Schlumberger, an oilfield services company have joined forces to sequester CO2 on a large scale, according to an article in Reuters.
“The accord is the first global pact on C02 linking an energy technology provider and an oil industry company, Diarmaid Mulholland, regional general manager for GE’s energy services in Europe, told [...]

Businesses in San Francisco are the first in the USA to pay a carbon-tax, according to this report in the LA Times.
“Air pollution regulators in the San Francisco Bay area voted overwhelmingly Wednesday to approve new rules that impose fees on businesses for emitting greenhouse gasses.  The Bay Area Air Quality Management District’s board of [...]

The World Bank estimates that the global carbon emissions market was worth US$ 64 billion in 2007, of which $50 billion was the value of trades in emissions permits — on the European ETS, in New South Wales, Australia, and on the Chicago Climate Exchange.    The full report is available here.
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