Prop 23 Update: This Was the Plan Along – Turn AB32 into a Government Cash Cow
08/31/2012 4 Comments
Gino DiCaro, Vice President of Communications for the California Manufacturers & Technology Association writes in Fox & Hounds
“Time is running out. Billions of dollars are at stake over the next eight years. Will California turn AB 32 implementation into a government money-grab without regard for our economy or the plausibility of the country following us on greenhouse gas reductions? Or will the state see that everyone’s goals are in fact achieved with a free allocation of credits?
Manufacturers are growing outside of California. If the state sticks with its plan to charge for a majority of the carbon allowances and make California an even less competitive place to manufacture, the original bold and economy-cautious AB 32 greenhouse gas plan from 2006 will have morphed into a cash cow for government and an insurmountable burden for many of our leading employers.”
Due to the economic collapse and increase use of natural gas for power generation, CO2 emissions are already approaching 1990 emission levels, as if this had anything to do with global warming, it does not, making the cash grab even more repugnant to the tax payers who are on the hook for CARB’s carbon allowances.