Posted by Jon Fleischman at 12:00 am on May 18, 2010 2 Comments
Assemblyman Dan Logue today released a copy of an evaluation
conducted at his request by the state’s Legislative Analyst’s
Office (LAO), which reviewed possible economic consequences of
California implementing AB 32 in the absence of similar actions
elsewhere in the nation.
“The LAO’s most recent analysis clearly indicates that
California’s go-it-alone approach to global warming policy will
have serious consequences for our state’s jobs, businesses and
economy,” said Mr. Logue. “It also identifies critical
deficiencies in the California Air Resources Board’s (ARB)
evaluation of the costs of AB 32 in the context of ‘leakage’ of
jobs and economic activity to other states.”
“With California struggling with over 2.3 million unemployed, a
multi-billion dollar budget deficit and ongoing economic crisis,
the LAO’s comments call into renewed question the wisdom of moving
ahead with billions of dollars in increased energy costs and job
losses that will put our state at an even greater competitive
disadvantage,” concluded Logue. “The only fiscally
responsible option here is to send ARB back to the drawing board to
conduct a more… Read More