Bad for business
Commentary
The Great Regulation Charade
Cry Wolf Quotes
Being the only state to have absolute caps on carbon emissions puts California at a competitive disadvantage. [The legislation] will have little impact on global climate change but a severe negative impact on California's economy.
The proposed regulations would also produce a loss in sales of at least $400 million because of the labeling requirements and the shut down of operations where two fibers [are] technologically unfeasible. A number of companies have already indicated that they do not believe a two-fiber standard is feasible in many operations, and that if such a standard is promulgated, they will close down those operations immediately rather than spend millions of dollars in a vain attempt to achieve the unachievable. The loss of jobs will be substantial.
The bottom line is the unions bought the election. It's going to be a sadder day as more businesses leave the state and more don't want to come here.
The state must stop trying to impose mandates and requirements on businesses that our competitors in other states simply don't have to deal with.
