
Cap and Trade – Corporate shell games and environmentalist chest-beating
In 2006, on virtually a party-line vote, the Democrat controlled Legislature passed Assembly Bill 32, the pompous sounding “California Global Warming Solutions Act.”
Then-Governor Schwarzenegger, who often commuted daily in a private jet from Los Angeles to Sacramento, signed AB 32, hypocritically stating it was “a bold new era of environmental protection.”
To implement AB 32, the California Air Resources Board (CARB) developed a government-mandated scheme called “Cap and Trade.” CARB would basically set (“cap”) greenhouse gas emissions at unrealistically low levels, then require businesses and industries to pay (“trade”) to receive higher emission… Read More