Hey Californians! Doesn't this mean that this is even better than Proposition 23 winning back in November???
Celebration may be premature.
From my post yesterday: “At first I thought this was good news. Further googling shows that the case was brought by a bunch of environmental loons (operating under the name “Association of Irritated Residents”) who seem driven to put California out of business altogether. Heaven forbid that the “trade” part of cap-and-trade would allow some of those evil greenhouse gas ‘polluters’ to still operate in California. They think California should be required to meet all of the stricter emission standards post-haste, not be able to reduce emissions in timbuktoo for exchange.”
The judge took exception to the ‘trade’ part of cap-and-trade. I’m not so sure he took exception to the ‘cap’ part, at all. I haven’t had time to read the court ruling, though.