California': global warming law, first cap-and-trade auction

http://www.santacruzsentinel.com/loc...omes-real-this

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For more than 40 years, California has led the nation in environmental regulation, from passing the toughest coastal protection laws to America's first rules banning leaded gasoline.

Now, this week -- after Hurricane Sandy pushed the issue of climate change back into the national spotlight -- California will become the first state to begin requiring a broad range of businesses to reduce their greenhouse gas pollution.
At 10 a.m. Wednesday, the California Air Resources Board is scheduled to hold its first auction to sell pollution allowances under the state's landmark cap-and-trade law.
The idea is simple: The state sets an overall "cap" for California's greenhouse gas emissions, and companies must buy

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Full cost accounting (FCA) generally refers to the process of collecting and presenting information — about environmental, social, and economic costs and benefits/advantages (collectively known as the "triple bottom line") - for each proposed alternative when a decision is necessary. It is a conventional method of cost accounting that traces direct costs and allocates indirect costs.

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http://en.wikipedia.org/wiki/Full_cost_accounting

Couple that with their huge tax increase and they are headed off the fiscal cliff in a big hurry.

California is like an experiment in just how stupid laws can get before the market just stops in its tracks.

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Originally Posted by Acala

California is like an experiment in just how stupid laws can get before the market just stops in its tracks.

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There is a reason it's called "The land of fruits and nuts."

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Originally Posted by Dr.3D

There is a reason it's called "The land of fruits and nuts."

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They should put that on their license plates.

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Originally Posted by Dr.3D

Couple that with their huge tax increase and they are headed off the fiscal cliff in a big hurry.

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California over the edge and Free Falling?


Tom Petty - Free Falling - Official Music Video
http://www.youtube.com/watch?v=5gqT6En2O78

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an implicit admission that nuclear power provided risks that producers were unwilling to assume without federal backing".^[6]

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http://en.wikipedia.org/wiki/Nuclear..._United_States

also

Regulatory Non-Enforcement by Design: Earthworks Shows How the Game is Played

According to a Manhattan Institute study, “The Great California Exodus: A Closer Look,” by Thomas Gray and Robert Scardamalia (October 2012), roughly 225,000 residents leave California each year – and have done so for the past 10 years. They take their money with them. Using census and Internal Revenue Service data, Gray and Scardamalia estimate that California’s out-migration results in large shares of income going to other states, mostly to Nevada ($5.67 billion), Arizona ($4.96 billion), Texas ($4.07 billion) and Oregon ($3.85 billion). That’s the problem. California politicians can fleece people in 2012, but there’s no guarantee that they can do the same in 2013 and later years; people can leave. Also, keep in mind that rich people didn’t become rich by being stupid. They have ingenious ways to protect their money.

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Originally Posted by Dr.3D

Couple that with their huge tax increase and they are headed off the fiscal cliff in a big hurry.

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They are over it...

California has $681 Billion in unfunded Liabilities... they're done

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Originally Posted by HOLLYWOOD

They are over it...

California has $681 Billion in unfunded Liabilities... they're done

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So are they just trying to figure out how they are going to land?
It isn't going to be pretty.... bet they ask for a handout.

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Originally Posted by HOLLYWOOD

They are over it...

California has $681 Billion in unfunded Liabilities... they're done

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The rich need to be paying their fair share!!!

California will be worse than Greece in the large cities, when all the free lunches are done .

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Originally Posted by Dr.3D

So are they just trying to figure out how they are going to land?
It isn't going to be pretty.... bet they ask for a handout.

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They will have to extort whatever they can , and they can do it, all they have to do is buy enough votes in the House and it is a done deal.