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Those Oil Companies Lied: California's Climate Change Law Will Create Jobs

Just for the record, a new report completely debunks the claims to out-of-state oil companies made to try to kill California's AB 32.


A quick refresher: In 2006, Governor Arnold Schwarzenegger signed Assembly Bill 32 into law. It was a great piece of legislation, requiring California to reduce greenhouse gas emissions to 1990 levels by 2020, with cutting to begin in 2012. But oil companies, particularly Valero and Tesoro, didn't like the law because greenhouse gas regulations and a thriving clean energy sector would hurt their bottom lines, and they love money more than the natural world.

So last fall, Valero and Tesoro funded a campaign to fool voters into passing Proposition 23, a ballot initiative that would effectively kill AB 32. The entire campaign was designed to play upon citizens' fears about the economy. Sponsors dubbed Proposition 23 the "California Jobs Initiative" and in ridiculous TV ads, scared people into believing that allowing greenhouse gas regulations to go into effect would result in a net loss of 1 million jobs in the state.

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Chances of Survival Improve: California Passes Cap-and-Trade Legislation

Good news: California is creating the largest cap-and-trade system in the world (outside of Europe, of course).

It gets better!

Yesterday, California's Air Resources Board passed a law that will reduce the state's greenhouse gas emissions to 1990 levels by 2020. It establishes a cap-and-trade system: Industries will now need permits for their carbon emissions, the permits can be traded among different polluters on an open market, and the total emissions allowed by the permits falls over time.

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California's Awesome Climate Law Survives (Again)

Good news. It looks like California's Proposition 26 did not defang the state's climate legislation after all. The sneak attack failed.

California's excellent climate-change-fighting legislation, known as A.B. 32, survived the recent elections. There was a measure called Proposition 23 on the ballot (funded in large part by out-of-state oil companies) that would have all but killed the climate change legislation but the voters rejected it.

But then we heard that another ballot measure, Proposition 26, which passed, might actually make it impossible for the state of California to levy taxes on polluters.

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Oh, So This Is Why Valero Wants to Stop California's Climate Law

A new report shows that Valero, a Texas oil company, makes tons of money in California.


Back in 2006, California passed Assembly Bill 32, a law that required the state to lower greenhouse gas emissions to 1990 levels by 2020. It's a pretty forward-looking piece of legislation.

But this year there's an initiative on the ballot called Proposition 23 that would basically kill California's climate change law. (Technically, it would just "suspend" A.B. 32 until unemployment drops below 5 percent in the state, but that's not likely to happen for a long time.)

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