Posted by Patrick Dorinson at 2:37 am on Aug 20, 2014 Comments Off on California’s Environmental Enthusiasm Is About To Become Reality
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In 2006 the California Legislature passed the most sweeping
environmental legislation in the nation. Celebrity Governor Arnold
Schwarzenegger couldn’t wait to put his signature to the bill.
The two basic pillars of AB 32 was first, to reduce California’s
greenhouse gas emissions to 1990 levels by the year 2020 and second
set up a cap and trade system that would make evil polluters buy
credits to offset their GHG emissions. The money from the credits
would go to fund green projects that would in turn meet the goals
of pollution reduction.
At the time an overwhelming number of Californians
enthusiastically supported this noble undertaking without asking
what it would eventually cost.
The slick politicians told the gullible public not to worry
about such minor details. And besides they could feel great about
what they were doing and could look smugly at other benighted
states that hadn’t reached their level of enlightened environmental
consciousness.
Then in 2010 alarms were raised about the cost and the economic
harm that might come if AB 32 was fully implemented.
Signatures were gathered for a ballot initiative that would
delay… Read More