California's Attorney General, Jerry Brown, just negotiated a deal whereby ConocoPhillips can expand a CA refinery as long as they pay a fund an amount calculated to be able to offset the emmissions of the 500,000 metric tons of CO2 they will be adding to the atmosphere through the project, effectively making this possibly the first carbon-neutral oil refinery. Its a pretty cool option. See the writeup in the SF Chronicle for more details.
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