IHS Chemical Week

California Voters Reject Measure to Suspend Climate Law

2:50 PM MST | November 8, 2010 | KARA SISSELL

California voters have rejected an industry-backed proposal that would have suspended the state’s greenhouse gas (GHG) emissions law. The measure failed by a wide margin, with about 39% in favor of rescinding the law and 61% against. The law, which will cut the state’s GHG emissions to 1990 levels by 2020, takes effect in 2012 and relies on a market-based pollution credit trading program to curb emissions. It also requires that utilities source a third of their power from renewable energy. Some industry groups say defeat of the measure, Proposition 23, will...

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