Posted on 06/14/2016 6:33:39 AM PDT by Oldeconomybuyer
The linchpin of California's climate change agenda, a program known as cap and trade, has become mired in legal, financial and political troubles that threaten to derail the state's plans to curb greenhouse gas emissions.
The program has been a symbol of the state's leadership in the fight against global warming and a key source of funding, most notably for the high-speed rail project connecting San Francisco and Los Angeles.
But the legality of cap and trade is being challenged in court by a business group, and questions are growing about whether state law allows it to operate past 2020.
Unless the state acts, "the whole system could fail," said Senate leader Kevin de Leon (D-Los Angeles). "If that happens, we could lose an entire stream of revenue to make our communities more sustainable."
The cap-and-trade program grew out of a measure signed by Gov. Arnold Schwarzenegger in 2006. The law set goals for reducing greenhouse gas emissions to 1990 levels by 2020.
(Excerpt) Read more at latimes.com ...
Also known as “move your factory to China” law.
The sooner Commifornia collapses the better. It will be a sterling example of how to fail in America: Vote for Leftist Democrats buying votes in a dwindling capitalist economy.
If that happens, we could lose an entire stream of revenue to make our communities more sustainable.”
This one made me laugh. what is it about destroying businesses and Commerce that helps make communities sustainable? LOL
The entire idea is a scam
It’s all about the money. It’s always about the money.
L
“. . .clean energy businesses and environmental justice groups . . . want to ensure California maintains its reputation as a global leader on climate change.”
These environmental whacko groups are ensuring California maintains its reputation as THE global leader of government/voter insanity!
We call it the shaky side and the left coast because there are way too many insane laws, rules, regulations and taxation! Cf. government/voter insanity!
California is STILL stuck on building that retarded train?
They’re (we’re?) stuck, all right. They haven’t laid an inch of track yet but they’ve spent billions. They don’t have the land needed for the full distance. Then there’s the problem of building tunnels through miles of earthquake faults. That doesn’t even come close to the problem of finding passengers once the do build it. I don’t think they will finish it in the next ten years. Just think, the railroad across the continent was built in less time than they have spent just talking about California’s so called high speed railway.
Many an armed robber might make the same argument.
Clearly there can never be too many high speed transports between Buttonwillow and Fresno, as all California residents know.
This absolute boondoggle—unsustainable liberal groupthink at its worst—was passed as the result of another raw lie from Governor Moonbeam to the idiot masses. It already makes the Big Dig in Boston look good by comparison.
Not to mention ruining Buttonwillow.
And liberals say that Trump doesn’t understand topography... Meanwhile, we have resounding empirical evidence that the border wall can be built.
Have they even decided on a contractor at this point, and has a contractor agreed to take up the offer from a government which would probably never pay them?
No, Jerry Brown is.
>>> environmental justice <<<
I’ve been trying to understand what the heck this means. Justice assumes someone suffered an injustice. Since San Diego has wonderful weather, is this an injustice to the good folks in Fargo? Should San Diego pay reparations to Fargo to right this injustice? If so, how much per degree? Fahrenheit or Celsius scale? Who decides the amount? Weather judges? Can I get one of those jobs, or do you have to wear Birkenstocks, sport a scruffy beard, and wear BLM t-shirts year round?
“environmental justice” is LIEberal bullshit doubletalk for yet one more form of income redistribution, a key ingredient in the Communist platform!
Key words; “WE COULD LOSE AN ENTIRE STREAM OF REVENUE”.
Those pukes in Sacramento don’t give a shit about the communities, or anything else.
JUST MONEY AND POWER.
Arnold Schwarzenegger should be Terminated for this and other very stupid acts as governor.
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