December 2, 2022
Loading...
You are here:  Home  >  Columns  >  Current Article

California’s chips are all in on green

IN THIS ARTICLE

One thing is clear from this year’s election results: California will bet a big chunk of its economic future on alternative energy.

The resounding defeat of Proposition 23, which would have rolled back the Golden State’s cap-and-trade regime, came at the hands of a big coalition of venture capitalists, environmentalists and traditional business leaders bent on liberating the U.S. economy from imported oil.

That means California air regulators will move toward a cap-and-trade scheme that will increase costs for businesses across the Golden State.

The full version of this column is only available in the print edition. To view everything the Business Times offers, see this week’s print version or SUBSCRIBE to the print edition for $49.99 today.