Tuesday, April 06, 2010
Calif. Climate Law Under Assault in Poor Economy
Four years ago, California earned accolades for adopting a law that would slash its greenhouse gas emissions and serve as a model for national climate change legislation.
With the state mired in a crippling recession, the law that once looked like a landmark achievement is coming under assault. The regulatory effort Gov. Arnold Schwarzenegger set in motion is facing a political backlash and could come to an abrupt halt in the months ahead.
A coalition of businesses, financed largely by three Texas oil companies, is funding a ballot petition that would delay the law until California's current unemployment rate is cut by more than half.
See full Article.