Very important news on the GHG regulatory front - California voters defeated Prop 23 which would have put the State's Climate Law AB32 on hold. The State of California has long been setting standards in the environmental regulatory arena - this could be a sign for increased pressure across the entire United States for industries to report and reduce their CO2 emissions.

As reported in the article: "It's also viewed as a turning point for the U.S. in terms of whether the nation will back away from supporting stronger climate change laws or move toward stronger greenhouse gas (GHG) reductions"