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California's cap-trade law faces fall ballot challenge

Post Time:Apr 06,2010Classify:Industry NewsView:121

The energy industry and an antitax group are challenging California's plan to cap greenhouse-gas emissions, saying the effort would lead to job losses and raise energy prices if it goes into effect in 2012.

These groups are collecting signatures to put an anti-cap measure before voters in November; the proposition would postpone any carbon limit until the economy rebounds. Backers of the cap think the measure is almost certain to make the ballot, and they are raising money from technology companies to persuade voters to reject it. Both sides are already raising hundreds of thousands of dollars, according to an April 5 article in The Wall Street Journal.

Read about how cap and trade could affect the glass and glazing industry.

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Source: http://www.glassmagazine.com/news-item/commercial/californias-cap-trade-law-faces-fall-ballot-challenge123Author:

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