Prop 23: Suspends Air Pollution Control Laws Requiring Major Polluters to Report and Reduce Greenhouse Gas Emissions That Cause Global Warming Until Unemployment Drops Below Specified Level for Full Year
Summary: Suspends State laws requiring reduced greenhouse gas emissions that cause global warming, until California’s unemployment rate drops to 5.5 percent or less for four consecutive quarters. Requires State to abandon implementation of comprehensive greenhouse-gas-reduction program that includes increased renewable energy and cleaner fuel requirements, and mandatory emission reporting and fee requirements for major polluters such as power plants and oil refineries, until suspension is lifted.
Summary of estimate by Legislative Analyst and Director of Finance of fiscal impact on state and local government: Potential positive, short-term impacts on state and local government revenues from the suspension of regulatory activity, with uncertain longer-run impacts. Potential foregone state revenues from the auctioning of emission allowances by state government, by suspending the future implementation of cap-and-trade regulations.
CCRC endorses a ‘NO’ vote on Prop 23
CCRC strongly opposes the Dirty Energy Proposition, funded by out-of-state oil companies, because it would essentially eliminate AB 32, the landmark Global Warming Solutions Act of 2006. Proposition 23 would suspend the implementation of AB 32 until the state unemployment rate is 5.5 percent or lower for four consecutive calendar quarters. That has happened only three times in the last four decades! This dangerous proposition would eliminate clean energy standards that will cut air pollution and protect the public health. Proponents say this measure is needed to preserve jobs, but in fact it will jeopardize hundreds of thousands of clean-energy jobs. We must promote California’s role as an innovator and investor in a clean-tech economy and protect the health and well-being of all Californians.
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