Proposal to delay California's climate law qualifies for Nov. ballot

08/3/2010 | DomesticFuel.com

A bill to delay California's climate-change law until state unemployment ebbs to 5.5% or lower for one year has qualified for the November ballot. The backers of the initiative argue that the law, which seeks to reduce California's carbon emissions to 1990 levels over the next decade, will unfairly increase costs for businesses and consumers. Critics of the ballot proposition say it would threaten about 500,000 jobs and 12,000 companies, discourage investment and risk ceding California's lead in clean technology to Asia and Europe.

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