Winners and Losers of Cap-and-Trade. By John Lorinc, NYTimes, November 2, 2009. "A new study [Carbon Exposure, DPF, 16 pp] from PointCarbon, a carbon market research firm, indicates that ExxonMobil would face an annual outlay of $5.9 billion to purchase carbon allowances under the terms of the Kerry-Boxer cap-and-trade bill, while electricity giants like Exelon and Pacific Gas and Electric would emerge as financial winners, because they rely heavily on diversified, low-emission fleets that include nuclear reactors and hydro dams. The analysis, released Monday, examines the impact of a $15-per-ton carbon dioxide trading market on the nation's largest oil and power companies, which together account for about 40% of the emissions in the American market."
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