SACRAMENTO—Assemblyman Dan Logue, R-Linda, said today his bill, Assembly Bill 118, to suspend the California Golbal Warming Solutions Act (AB 32) will be heard in the Assembly Natural Resources Committee on Monday, Jan. 11.
“Economic reality is being completely disregarded, and AB 32 implementation is already having a devastating effect on California businesses and the state economy. Many in business see no way to comply with its draconian requirements and as a consequence are leaving California, taking valuable jobs with them,” Logue said.
Studies report that the estimated costs of implementing AB 32 will range from tens of billions to several hundred billion dollars between 2012 and 2020. This overwhelming hit to California's businesses during a time of economic crisis and record high unemployment rates will only increase the suffering as more jobs and revenues continue to leave our state.
When AB 32 was signed into law in late 2006, California's unemployment rate stood at 4.8 percent.
Three years later the state is in the middle of drafting and implementing the associated regulations, and unemployment stands at more than 12 percent. Logue's proposal, AB 118, would suspend the 2006 measure until such time as the employment level in California becomes stable at 5.5 percent.
The hearing will take place in the Assembly Natural Resources Committee in Room 447 at the State Capitol at 1:30 p.m.
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“Economic reality is being completely disregarded, and AB 32 implementation is already having a devastating effect on California businesses and the state economy. Many in business see no way to comply with its draconian requirements and as a consequence are leaving California, taking valuable jobs with them,” Logue said.
Studies report that the estimated costs of implementing AB 32 will range from tens of billions to several hundred billion dollars between 2012 and 2020. This overwhelming hit to California's businesses during a time of economic crisis and record high unemployment rates will only increase the suffering as more jobs and revenues continue to leave our state.
When AB 32 was signed into law in late 2006, California's unemployment rate stood at 4.8 percent.
Three years later the state is in the middle of drafting and implementing the associated regulations, and unemployment stands at more than 12 percent. Logue's proposal, AB 118, would suspend the 2006 measure until such time as the employment level in California becomes stable at 5.5 percent.
The hearing will take place in the Assembly Natural Resources Committee in Room 447 at the State Capitol at 1:30 p.m.
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