Posts Tagged: ab 32

Recent warnings about the dangers of overreliance on petroleum have come from an unlikely cast of characters, including former presidential candidate Ron Paul, business magnate T. Boone Pickensand even a Saudi prince (who warned against his nation’s over dependence on oil exports). If Californians want to disentangle our economy from oil and from the world events that can impact oil prices while cutting our greenhouse gas emissions to 1990 levels by the year 2020—a goal given the force of law by AB 32, the Global Warming Solutions Act—we need to consider the surprising connections that drive our state’s dependence on petroleum.

Many large employers in California were scheduled for massive greenhouse gas (GHG) “cap-and-trade” cost increases starting in 2015.  Now state regulators propose to delay any increase until 2018 at the earliest.   This is good news for manufacturers and thousands of California workers with high wage manufacturing jobs.  Food processors, consumer products firms, aerospace, chemical and