From The New York Times, September 16, 2010:

Major energy corporations are rallying to defeat California’s 2006 Global Warming Solutions Act. They claim that the act, which caps factory carbon and gasoline emissions, threatens jobs in an a weak economy. However, the act could actually “save the state’s consumers as much as $670 per household in 2020”.

Read excerpts from the New York Times article below and keep scrolling for links to more resources.

* * *

Charles and David Koch, the billionaires from Kansas who have played a prominent role in financing the Tea Party movement, donated $1 million to the campaign to suspend the Global Warming Solutions Act, which was passed four years ago, and signaled that they were prepared to invest more in the cause. With their contribution, proponents of the proposition have raised $8.2 million, with $7.9 million coming from energy companies, most of them out of state. . . .

The law in question, known as A.B. 32, mandates slashing carbon and other greenhouse emissions to 1990 levels by 2020, by forcing power companies and industries to cap their emissions and by slashing carbon in gasoline. Some oil industry leaders said it would force them to invest millions of dollars to comply, and asserted that it would force companies to cut jobs and raise the price of gas at the pumps. . . .

“We have every reason to believe that they are going to put the money in to run a big television campaign in the most expensive media market in the country,” said Annie Notthoff, the California advocacy director for the Natural Resources Defense Council, an environmental group. “We certainly are expecting to have a fight on our hands.”

* * *

Advertisements