Skip to comments.California's landmark global warming law becomes real this week with first cap-and-trade auctions
Posted on 11/10/2012 4:42:05 PM PST by artichokegrower
For more than 40 years, California has led the nation in environmental regulation, from passing the toughest coastal protection laws to America's first rules banning leaded gasoline.
Now, this week -- after Hurricane Sandy pushed the issue of climate change back into the national spotlight -- California will become the first state to begin requiring a broad range of businesses to reduce their greenhouse gas pollution.
At 10 a.m. Wednesday, the California Air Resources Board is scheduled to hold its first auction to sell pollution allowances under the state's landmark cap-and-trade law.
The idea is simple: The state sets an overall "cap" for California's greenhouse gas emissions, and companies must buy or sell credits to account for how much they pollute. Those that pollute more must clean up or pay more.
(Excerpt) Read more at santacruzsentinel.com ...
Just in case California left any possible ability for businesses to succeed.
(jk, in case you're wondering)
Hope they tax the crap out of Hollywood for all of the pollution they put out.
I suspect economic development execs from low-cost red states are burning up the phone lines making calls to potentially re-locatable businesses in California.
My question is this. How much longer before CA asks for a bankruptcy? Because I figure it could be in as little as three to four years. Again, when one looks at the deficits, you don’t see a good picture. Nationally, the debt and interest alone have just recently exceeded our defense spending. This is sick.
I agree, frankly, I would prefer a more expensive movie ticket to a more expensive electric bill per kilowatt-hour.
How many allowances does China have to buy for its coal plants which send smoke all the way to California?
No company ever pays it’s taxes,they’re factored into the cost of the product and the customer pays.You don’t seem to know much about how business works.
Newsbytes: Green Energy Policy Threatening Europes Industrial Base
Leading European companies announced job losses totalling more than 10,000 on Wednesday, underlining the scale of problems facing the continents manufacturers. Vestas, the worlds largest wind turbine manufacturer, said 2,000 jobs would be cut after it posted an almost doubling of pre-tax losses in the face of falling prices and fierce competition from China. The Vestas cuts underline the crisis in the renewable energy sector and will reduce its workforce to 16,000 by the end of 2013 from nearly 23,000 just a year ago. The Guardian, 8 November 2012
Britain will need to invest 330 billion pounds in its energy sector, excluding networks, by 2030 and return its economy to growth to meet carbon emissions reduction targets, the London School of Economics said in a report on Thursday. The investments are needed to build new power plants, retrofit existing ones with carbon-reduction technology and to limit energy demand. Reuters, 8 November 2012
[but Kalifornia can impose a crazy cap’n-trade scheme and it will only produce more Skittles out of the arse of the Unicorns as they fly over the rainbow with the pot of gold on each end.]
In just a few short years we have all become wholly owned subsidiaries of the health insurance and fraudulent green industries. First it was a pulse, now it’s the act of exhaling.
Less than 2 years...
This dope thinks it’s a good thing!! And Hurricane Sandy had absolutely zero to do with global warming or whatever they call it this year.
More business’s will be leaving Kalifornia.
Scamsters..... this is the honey-pot.
A farmer, huh? You must be another evil 1% exploiter of the masses. Do you make profits? If so, aren’t you ashamed of yourself?
BTW, “jk” means “just kidding.” Seriously.
Power plants and oil refineries will have to purchase these carbon credits. Do you think they will absorb these increased costs of production or pass them on to the consumer? Rhetorical question.
Refiners and gas stations make 10-25 cents per gallon on a product that costs $3.50 Their margins can’t change if they want to stay in business so they will have to pass the costs on to the public. This will result in lower sales volumes which means that they will have to also increase their margins on top of the added carbon tax.
i decided the day after the election that i won’t be spending anymore money on movies or music. if those people want to push their politics i won’t be contributing to their pockets. time for belt tightening is here, and useless entertainments are the first thing my family is ditching.
Also expect $250 a yard for concrete
When these idiots come up with this stuff and try to defend it, I ask them one simple question. If gas goes to $25 a gallon, who is it going to hurt most ... you or Al Gore, Buffett, Clintons, etc.?
What global warming!?
If you repeat a lie often enough...
I would be more concerned about a catastrophic earthquake, or even an asteroid hitting California, before I would worry about global warming, man-made or natural. Maybe they could start a shake and bake tax scheme, and cover both earthquakes and global warming together.
God help those stuck behind the Tinsel Curtain.
Pres. Bush fighting sulfur dioxide (acid rain) was a legitimate issue because much of Sulfuric Acid is man-made. Some, however, does come from volcanoes and another form from Pine trees.
However, Carbon Dioxide is a naturally occurring Oxygen/CO2 exchange NECESSARY FOR LIFE, a fact that apparently the brains in California don’t know.
The California law, by extension, could put a “breathing tax” on every individual because we expel CO2 as part of our natural respiratory system. Therefore, in the thinking of these leftist/voodoo science politicians and advisors (including NRDC), human billions are guilty of “greenhouse gases”, polluting the atmosphere, and promoting climate change. Thusly we MUST BE TAXED AS PUNISHMENT.
Remember, you are dealing with California, where insanity was legalized and made the “normal” many decades ago.
PS: I have worked on Clean Air Act cases and major power plant retrofit cases. Know something about the subject and my conclusion is, the Left is fucking nuts beyond measurement. They want to destroy the economy in order to save the snail darter fish.
I say let’s fry the damned fish, give the San Joaquin Valley the water it needs to grow their crops and feed America, and fire every lunatic leftist/Democratic/marxist politician in the country (That would clean up California in a minute).
PS: Let’s also tax the Hollyweird ONE PERCENTERS at 50% above what they already pay, and a 100% on the money they have sent overseas for French and Swiss villas, islands, acccounts. Of course they will support this move for the greater good. NOT!
Co2 is the limiting atmospheric gas to plant life. How much a plant can form in biomass depends on CO2 in photosynthesis.
France already makes studios and actors pay taxes on their film revenue, don’t know why our own country doesn’t ask the same. Frankly, as I said before, I would prefer a more expensive movie ticket over a more expensive gas and food cost if I had the option. In the meantime, my wife and I have pretty much started off our new marriage with trying to grow some of our vegetables, because for all I know, the prices are bound to get rediculous for the rise in gas prices, which will raise the price of a product (food) dependent on diesel fuel and gasoline plant, harvest, and transport in significant quantities.