New Jersey is dropping out of the Northeast's program to reduce greenhouse gas emissions, Republican Gov. Chris Christie announced Thursday, calling the pact a failure at cutting pollution and a burden to taxpayers.
The decision to withdraw from the 10-state cap-and-trade program at the end of the year marks a turnaround for New Jersey, a heavily industrialized state that was an early backer of efforts to curb the heat-trapping gases blamed for global warming.
Environmentalists were dismayed, while conservatives were thrilled.
"This program is not effective in reducing greenhouse gases and is unlikely to be in the future," said Christie, a...