CALFORNIA TO SUFFER GREATLY UNDER NEW GLOBAL WARMING LAWS

July 23, 2012: "New Study on CA Global Warming Law Indicates Higher Costs", by Luci Ma, published by ivn.com (Independent Voter Network), San Diego, California.

"Andrew Chang & Company, which conducted the latest fiscal and economic impact study on behalf of CMTA, found that the average California family will end up paying an additional $2,500 annually by 2020 when AB 32 is fully implemented. In addition, the state is expected to lose an additional 262,000 jobs, 5.6 percent of the gross state product, and a whopping $7.4 billion through decreased annual state and local tax revenues as a result. Figures from the study were based on more conservative estimates, suggesting that expected costs could actually range much higher."

Read whole piece.

Read study referenced, "The Fiscal and Economic Impact of the California Global Warming Solutions Act of 2006:"