Repealing climate bill would hurt Silicon Valley economy
2/10/2010 San Jose Mercury News
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February 10, 2010 San Jose Mercury NewsBy Ken Wilcox
President and CEO, SVB Financial Group
Our state's landmark climate bill — the California Global Warming Solutions Act (AB32) — has put California squarely at the forefront of the fight against global warming by requiring the state to reduce its greenhouse gas emissions to 1990 levels by 2020.
This is good for the environment, and, just as importantly, for the innovation economy and job creation.
However, U.S. Rep. Tom McClintock, R-Granite Bay, and state Assemblyman Dan Logue, R-Marysville, have launched a misguided initiative drive that could block the progress and promise of AB32. Their California Jobs Initiative would actually hurt emerging industries, cripple job development and threaten our environment.
McClintock and Logue are aiming their initiative for the November ballot. If passed, it would suspend AB32 until the state's unemployment rate is at or below 5.5 percent for four straight quarters, which has happened only three times in the past three decades. They claim that AB32 discourages job creation and could kill any economic recovery.
I do not agree.
Read More: http://www.mercurynews.com/opinion/ci_14368056?nclick_check=1
Read More
By Ken Wilcox
President and CEO, SVB Financial Group
Our state's landmark climate bill — the California Global Warming Solutions Act (AB32) — has put California squarely at the forefront of the fight against global warming by requiring the state to reduce its greenhouse gas emissions to 1990 levels by 2020.
This is good for the environment, and, just as importantly, for the innovation economy and job creation.
However, U.S. Rep. Tom McClintock, R-Granite Bay, and state Assemblyman Dan Logue, R-Marysville, have launched a misguided initiative drive that could block the progress and promise of AB32. Their California Jobs Initiative would actually hurt emerging industries, cripple job development and threaten our environment.
McClintock and Logue are aiming their initiative for the November ballot. If passed, it would suspend AB32 until the state's unemployment rate is at or below 5.5 percent for four straight quarters, which has happened only three times in the past three decades. They claim that AB32 discourages job creation and could kill any economic recovery.
I do not agree.
Read More:
http://www.mercurynews.com/opinion/ci_14368056?nclick_check=1