Thousands Petition Gov. Brown To End Cap And Trade
By Amy Quinton, California Capitol Network
Californians Against Higher Taxes and business groups delivered the petitions against
what they call an illegal and hidden energy tax. The cap and trade program would
limit greenhouse gas emissions by requiring polluters to purchase pollution credits
at auction.
But John Kabateck, with the National Federation of Independent Businesses,
says it amounts to an illegal tax that would kill businesses. “Experts say that this tax could drain 30-billion dollars from California employers by the year 2020, those costs will have to be passed onto someone and that means small business owners and consumers are going to be hit with higher prices.”
Opponents also say the program is unconstitutional without a vote
by the people or a two-thirds vote in the legislature. Assembly Speaker John Perez has said spending and regulating auction revenues doesn’t constitute a tax.
Source:
http://www.kpbs.org/news/2012/may/30/thousands-petition-gov-brown-end-cap-and-trade/
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You know the answer: throw the bums out.
I wish I had known about this petition before it was delivered, as a California resident, I would have signed it.
Either it is a government mandated forced commercial purchase, which is unconsititutional in the United States, or it is a tax, that without a vote in California is unconstitutional. This too is going to the courts.
George:
My thoughts exactly.
It’s not just the tax that is draining but also businesses and people are moving out. You know things are bad when there is a net flow of illegal migrants back to Mexico! California will certainly see it’s rate of c02 output go down but will come with consequences.
http://www.usatoday.com/news/nation/story/2012-04-23/mexican-immigration-united-states/54487564/1
http://www.eastvalleytribune.com/nation_world/article_81ea57e0-c22a-11e0-a149-001cc4c03286.html
http://news.investors.com/article/596620/201201031854/california-business-leaving-child-booster-law-arson.htm
California ? ha,ha,ha, the worlds biggest lunatic asylum, even the politicians cannot read !
You get the legislators you deserve if you cannot be bothered to watch what they are upto, they think that they have free rein.
It sounds like you have folk who are as averse to private money making as some are here in the UK! This is all ultimately aimed at de-industrialising Western society so that we can all live in the sort of small bucolic societies Rousseau dreamed of – you know, the ones that never quite existed.
30 May: Reuters: Jeff Coelho: UPDATE 2-Global carbon market value rises to record $176 bln
Editing by Jason Neely and Jane Baird
A record number of emissions products were traded in 2011, even though prices of EU carbon permits and international offsets plumbed new depths well below $10 a tonne late in the year, the bank said in its annual report on carbon markets.
Worldwide emissions trading last year rose 17 percent in volume to 10.3 billion tonnes of carbon dioxide equivalent, with permits in the EU Emissions Trading Scheme (ETS) accounting for more than three quarters of the total…
The rise in volume lifted the value of the EU market to $148 billion from a revised $134 billion in 2010, even though average EU carbon prices fell 4 percent year on year to $18.80 a tonne.
Carbon markets were not immune to recent global economic volatility from the Arab Spring, Japan’s Fukushima nuclear disaster and the euro zone debt crisis, the World Bank report said.
“A considerable portion of the trades is primarily motivated by hedging, portfolio adjustments, profit-taking and arbitrage,” it said.
But if carbon prices continue to remain below $10 a tonne, there will be little incentive for companies and governments to invest in low-carbon projects, a bank official said…
Other national and regional carbon schemes showed mixed results. New Zealand’s carbon market value tripled to $351 million, while the Regional Greenhouse Gas Initiative in North America nearly halved to $249 million, the bank said…
Secondary trading volumes for international offsets regulated by the United Nations also soared in 2011, rising 43 percent year on year to 1.8 billion units valued at $23 billion.
The main reason for this was a rise in demand for U.N.-backed emissions offsets, because a certain number of the credits can be used for compliance in markets such as the EU ETS…
The World Bank suggested recent and emerging cap-and-trade schemes in Australia, California, Mexico, South Korea and Quebec could contribute to future growth in overall carbon trading…
http://www.reuters.com/article/2012/05/30/world-bank-carbon-idUSL5E8GUGBQ20120530
30 May: Reuters: EU carbon emissions rise, end multi-year decline
Editing by Jason Neely and Alison Birrane
Greenhouse gases from the European Union rose more than 2 percent in 2010 when a cold winter and a rebound in many economies drove up energy use, breaking a multi-year pattern of emissions declines.
***The year-on-year rise in the official EU data released on Wednesday was slowed by emissions declines in struggling Greece, Ireland, Portugal and Spain…
International Energy Agency Chief Economist Fatih Birol said it would be a surprise to him if emissions did not continue to grow, chiefly because of the impact of a collapsed carbon price…
To stimulate low carbon energy, the IEA has said a price of $50 a metric ton (1.1023 tons) is needed. That compares with current prices of less than 7 euros ($8.78) a metric ton on the EU Emissions Trading Scheme (ETS).
Although gas use rose in 2010 because of lower prices, Birol said that in 2011 cheap carbon pushed up coal use in Europe by 6 percent, while natural gas declined by more than 10 percent…
Among the greenhouse gases reported to the United Nations, carbon dioxide accounted for 82.4 percent of emissions.
Industry emissions of hydroflourocarbons (1.9 percent), which are extremely potent greenhouse gases, continued a rising trend identified since 1990, as air conditioning and refrigeration demand grew…
http://www.reuters.com/article/2012/05/30/us-eu-kyoto-idUSBRE84T0VI20120530
***some great examples to follow?
——————————————————————————–
The cap and trade program would limit greenhouse gas emissions by requiring polluters to purchase pollution credits at auction.
Hmmmmmmm. You first buy “pollution credits” to allow you to produce carbon dioxide, then the state allows you to go ahead and produce carbon dioxide.
Explain to me again how cap and trade therefore *limits* the production of carbon dioxide.
BTW, if they’re auctioning off the credits, I’d recommend everyone bid one penny.
Amy need to go to remedial school. CO2 is not pollution, unless you are a Kool-Aid drinker from BHO’s neighborhood.
” Assembly Speaker John Perez has said spending and regulating auction revenues doesn’t constitute a tax.”
Yeah, right…. [/utter disgust]
they should be glad it isn’t $23 per ton that the gillard GOVT is bringing to all australians 7/1//20012
It is time a similar petition was started in the UK – and indeed throughout Europe.
It’s not a tax…even if they tax it twice.
http://tomnelson.blogspot.com/2012/05/another-planet-healing-idea-for.html
This is nothing more than a tax grab by a desperate State government. Taxing CO2 will only make people poorer and reduce the State to a third world country. It will not change climate.
Remember what deepthroat said, “follow the money.” Watch what the revenue from the auctions is used for and you will gain insight into the motivations.
The “business groups” do not exist. NFIB? Doesn’t include Goldman. Bunch of nobodies. Losers.
Only the billionaire bankers who will profit from the carbon offsets exist.
Goldman wants cap-n-trade, so cap-n-trade will proceed.
The people of CA have gotten what they deserve since they keep electing and re-electing clueless uber-liberal legislators and governors. For cryin’ out loud, they elected Governor Moonbeam, Jerry Brown, again!
Did any one around in the 70s when Moonbeam first sent California on the road to disaster think he had changed? I can understand the young not being aware of his first tenure (history is a dry subject), but the young were not the only clowns to vote for him.
For those of us around then, we knew what you were getting when you elected the pig in the poke. Fortunately, I moved away a long time ago.
C&T will be cause for the TEA Party to light up again. Notice there will be no national C&T until after the election. Then Katie bar the door. President Obama will fire up his Executive Order Pen.
Californians need to hurt some more. They have not learned their lesson yet.
I am in favor of California implementing cap and trade because we need it as a cautionary example. It will fail miserably and some of the smarter states will learn from it. Perhaps a colossal failure will kill the idea permanently.
You get the legislators you deserve if you cannot be bothered to watch what they are upto, they think that they have free rein.
The problem is the public unions (police, firefighters, teachers, etc.) have essentially gained control of the California government by voting for candidates who support their pension grabs. There are fiscally conservative Californians who are sick of this crap but there’s not a lot we can do about it other than move away, which I really don’t want to do. Until things hit rock bottom nothing will ever change… perhaps cap and trade will finally do the trick.
As a devoted Texan, I also hope California keeps on with its cap and trade policy.
Every new tax sends 100 more businesses to Texas! Keep it up, California!
any of you Californians left with assets, give it up. well over 50% of the state now depends on the government handouts, and they will always vote to take everything you have. You can’t win – at least not in California. But come to Texas! We want you, and we’ll treat you right!!!