“The tax will negatively affect all California businesses, in addition to the anticipated fuel, energy and other cost increases that will be passed down to businesses … an impact on business means an impact on jobs.”
-AB 32 Implementation Group in Capitol Weekly, 10/13/11
“If California’s carbon-intensive trade-exposed industries face carbon costs not born by competitors outside the state, production and its associated emissions could shift from California to other regions. If this occurs, emissions outside the state would increase, thus leading to leakage of both emissions and the associated economic activity.”
-Robert N. Stavins, Todd Schatzki, The Analysis Group, Comment Letter to CARB 8/29/11