Word: ercs
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Dates: during 1980-1989
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...happens because a federal regulatory device called an emission- reduction credit allows holders to spew a specified tonnage of toxicants into the air. Result: a $50 million market in ERCs among polluters trying to expand. Such firms buy ERCs, at $3,000 to $10,000 per allowable ton of waste, from companies that have already reduced pollution. The feds say the practice improves the air, because every ERC trade reduces the subsequent waste quota...
...federal government funneled $2.24 millionto the joint Harvard-Maryland ERC last year,Mayfield said...
...firm in 1979 had acquired an interest in the money-losing Entertainment and Sports Programming Network (ESPN) and in 1980 had purchased the Kansas-based ERC insurance group...