New Jersey to exit 'failing' US regional cap-and-trade scheme

Republican Gov. Elect Chris Christie greets supporters on election night at his headquarters in Parsippany, NJ, on Nov. 3, 2009. (AP Photo/Christopher Barth)

State Governor Chris Christie will pull New Jersey from a regional cap-and-trade programme in the US Northeast by the year's end, claiming the scheme is not effective in reducing greenhouse gases and shows no signs of working in the future.

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