Emission Reductions Post Cap-and-Trade Implementation

31 30 29 28 27 26 25 24 2000 2002 2004 2006 2008 2010 2012 2014 8 7 6 5 4 3 CA_Petroleum Processing Mean CI CI 2 1 0 2000 2002 2004 2006 2008 2010 2012 2014 GD_Petroleum Processing Mean Cl CI Two years after Cap-and-trade compared to BAU: CA: -3.31% GD: -13.5%

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