Legislative Analyst Raises Red Flags About AB 32 Implementation
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
