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(AP) California is on the verge of creating the first system in the nation to give polluting companies such as utilities or refineries financial incentives to emit fewer greenhouse gases.
They hope their plan will inspire other states to follow, while officials in the state - the world's eighth-largest economy - discuss plans to link the new system with similar ones under way or being planned in Canada, Europe and Asia.
California is trying to "fill the vacuum created by the failure of Con
"I despise that we send $1 billion a year to foreign places for oil and to places and people that hate us, and who are organizing terrorists against us," he said.
Originally posted by Bonified Ween
Well up to the people of Cali to fight it right?
The board began hearing testimony Thursday and will likely vote on the regulations on Friday. Outside the chambers, a few climate change skeptics held signs reading "Global Warming: Science by Homer Simpson."
Some businesses that would fall under the new rules say the system could dampen California's already flagging economy, complicate lawmakers' efforts to close a $28.1 billion revenue shortfall and lead to an increase in the price of electricity.