Proposition 23, the initiative that would suspend California’s greenhouse gas laws, is not about saving jobs. It is about greed, said California Governor Arnold Schwarzenegger.
Speaking at a Commonwealth Club event in Santa Clara, the governor lashed out at the companies–particularly Valero, Koch Industries and Tesoro–trying to effectively get rid of the state’s carbon regulation law, known by its bill name AB 32. Technically, Prop 23 would suspend AB 23 until employment falls below 5.5 percent, something that has occured only sporadically in the last few decades. Read more