Guest essay by Eric Worrall
Governor “Moonbeam” Jerry Brown has just signed what might amount to an economic death sentence for California, by signing California up to the bleeding edge of international green agreement lunacy.
According to Reuters;
May 19 California and leaders of 11 states and provinces signed an agreement on Tuesday to limit their output of heat-trapping greenhouse gases 80 to 95 percent by 2050, a goal they hope will help prevent runaway climate change.
The target, which is based on a 1990 benchmark, will allow the individual governments, which collectively represent more than $4.5 trillion in GDP and 100 million people, to tailor reduction plans to fit their regional needs.
What could make less sense? California is already haemorrhaging business and jobs to Texas, thanks to skyrocketing energy prices and rampant green tape. The obvious thing to do is more of the same, right?