""If you're a company and you're making an investment decision of any kind - expanding, modernizing, switching over to new processes - it would be nice for them to be able to factor in how they will be treated," said Rothrock, who leads a coalition that will lobby for businesses as the state begins to implement the law.""
Translation-we have a disencentive to modernize and switch to new processes now because if we wait we might get money, carbon credits, for something we were already intending to do.
or... Translation: any company making deccisions on expanding, consolidating, modernizing, etc., will now add the "ABC" factor.... Anyplace but California.
For many years, I was heavily involved in these kind of decisions for a Fortune 100 company and I can tell you, there is no way we would be considering growing the business in California with the things now looming on the horizon. The borrowing (debt obligation--pending tax increases), more environmental regulation, healthcare mandates, "discrimination" laws, etc. California is quickly becoming the most business-unfriendly state in the country.