SMRs and AMRs

Wednesday, October 06, 2010

The Terminator vs. Big Oil

By THOMAS L. FRIEDMAN
NYT

Sacramento

The Terminator, a k a the Governator, is not happy. And you shouldn’t be either.

What has Gov. Arnold Schwarzenegger of California incensed is the fact that two Texas oil companies with two refineries each in California are financing a campaign to roll back California’s landmark laws to slow global warming and promote clean energy innovation, because it would require the refiners to install new emission-control tools. At a time when President Obama and Congress have failed to pass a clean energy bill, California’s laws are the best thing we have going to stimulate clean-tech in America. We don’t want them gutted. C’mon in. This is a fight worth having.

Here are the basics: Next month Californians will vote on “Prop 23,” a proposal to effectively kill implementation of California’s Global Warming Solutions Act of 2006, known as A.B. 32. It was supported by Republicans, Democrats, businesses and environmentalists. Prop 23 proposes to suspend implementation of A.B. 32 until California achieves four consecutive quarters of unemployment below 5.5 percent. It is currently above 12 percent. (Sorry for all the numbers. Just remember: A.B. 32, good; Prop 23, bad.)

A.B. 32 was designed to put California on a path to reducing greenhouse gases in its air to 1990 levels by 2020. This would make the state a healthier place, and a more innovative one. Since A.B. 32 was passed, investors have poured billions of dollars into making new technologies to meet these standards.

“It is very clear that the oil companies from outside the state that are trying to take out A.B. 32, and trying to take out our environmental laws, have no interest in suspending it, but just to get rid of it,” Governor Schwarzenegger said at an energy forum we both participated in last week in Sacramento, sponsored by its energetic mayor, Kevin Johnson. “They want to kill A.B. 32. Otherwise they wouldn’t put this provision in there about the 5.5 percent unemployment rate. It’s very rare that California in the last 40 years had an unemployment rate of below 5.5 percent for four consecutive quarters. They’re not interested in our environment; they are only interested in greed and filling their pockets with more money.

(More here.)

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