Thursday, August 31, 2006

Big hurdles remain for Calif's proposed greenhouse gas cuts

Even The Wall Street Journal acknowledged how potent is the move by California August 30 to reduce its overall greenhouse gas emissions about 25% to 1990 levels by the year 2020. Even with the support of Pacific Gas & Electric, one of the nation's largest utilities, several hurdles remain, not the least of which are expected challenges in court. Perhaps the biggest hurdle is how policymakers will apportion responsibility for the reductions. THAT is where the rubber is meeting the road on this issue, as outlined in this U.S. Senate Climate Change White Paper.

PG&E CEO Peter Darbee is saying California businesses shouldn't be concerned, although the companies PG&E competes against rely more on coal and thus are more exposed to coal's greenhouse gas burdens. PG&E emits about 40% of the carbon emissions of the average U.S. utility. Darbee denied on CNBC's Kudlow & Company Aug. 31 that this is a veiled bid to earn a permit to build a new nuclear power plant in California.

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