There’s a run on carbon credits. That’s good news for the budget.

There’s a run on carbon credits. | Rich Pedroncelli/AP PhotoSELLING LIKE HOTCAKES— California carbon emissions are as valuable as they’ve ever been. “After these announcements, we saw prices on the secondary market go up,” said Katelyn Roedner Sutter, California state director at the Environmental Defense Fund. Jake Wiley will become Rainbow Municipal Water District’s new general manager, hopping over from Rancho California Water District. — Occidental’s $1.1 billion purchase of a direct air capture firm raises questions about the role of oil companies in the carbon removal business.