California adopts extensive 'cap-and-trade' plan

[dynosor]

California adopts extensive 'cap-and-trade' plan - Yahoo! News

"SAN FRANCISCO (AP) — California formally adopted America's most comprehensive so-called "cap-and-trade" system Thursday, an experiment by the world's eighth-largest economy that is designed to provide financial incentives for polluters to reduce greenhouse gas emissions.

State officials said they hoped other states would follow suit, calling the plan a "capstone" among the suite of tools California can use to reduce the pollution linked to climate change and cut dependence on foreign oil.

"For half a century every American president has been calling for America to move away from our dependence on foreign oil and become energy independent," said Mary Nichols, chairman of the California Air Resources Board.

"The reason we have not succeeded in addressing our addiction to petroleum is because we did not have the right set of policy tools," Nichols said. "Now we do. Cap-and-trade provides a reward for doing the right thing."

The board voted unanimously to approve the final draft of its plan, a key part of the state's landmark 2006 global warming law, AB 32, which seeks to reduce the emissions to 1990 levels by 2020.

Some businesses regulated under the program argue it will increase the price of electricity for consumers and hurt job creation by raising the cost of doing business in the state. But the program's supporters expect cap-and-trade to spur economic recovery and innovation, by pushing business to invest in clean technologies.

While implementation of some parts of the program will begin in 2012, compliance for power plants and other of the worst polluting facilities actually starts in 2013, with others joining in 2015. In total, the plan will cover 85 percent of California's emissions.

Former Gov. Arnold Schwarzenegger, who frequently promoted the law, called Thursday's vote a "major milestone" in the fight against climate change."


Clowns to the Left, Jokers to the Right, stuck in the Middle with you:

[Coxsteve]

I would look carefully to see just how much of this extra impost on Californians is being siphoned off to the bloody United Nations Oxygen Thieves and then take legal action for Taxation without representation by the State.

[fizzissist]

WUWT has a MUST READ post on this!!

"Consider this a minute. CARB sets up a private corporation, Western Climate Initiative Inc. to manage the cap and trade program, doesn’t even bother to put the corporation in California, and opts for Delaware and the advantages that brings over California incorporation. Delaware is well known as a corporate haven, and that alone suggests they want it out of the prying eyes of California taxpayers.

But that wasn’t good enough, they take the extraordinary step of writing in an exemption to prevent public scrutiny, and then hide it as a rider in the 100+ pages inserted the day before the bill was signed into law along with the state budget, effectively preventing any scrutiny."

California Air Resources Board cap and trade program circumvents state open meeting laws with a Moonbeam assist | Watts Up With That?

[Coxsteve]

Fizzisist I can recomend doing a search for the Corporate name on the US Securities and Exchange Commission as it will lead to any number of other Companies and Phantom registrations of Companies and the names and addresses where company filings take place.

Even though I am in Australia I regularilty use that recource along with the British Financial Services Authority their equivalent,Both great recources to uncover hard documents.

Through them I have traced Al Gores Umbrella Tax Exempt Investment Foundation along with some of it's International offshoots in the UK where the FSA actually places it in a List for investors to be wary of,there are also some harder to trace links to dubious banks in the Caymans but I have yet to piece it all fully together.
Those are the places where you will uncover the incriminating evidence exposing people who deserve public financing of their future,Preferably in the hardest Prison available.