30 years of commitment
Chemical Industry Council of California

CICC Comments on CARB Cap & Trade Plan


(Posted 9/24/12)

 

 

 

 

Sacramento - 9/20/12   Commenting before the CA Air Resources Board, Tom Jacob, CICC Sr. Consultant/ Lobbyist said, "[CICC] believes if we choose to take on climate change, we must ensure the cost-effective use of capital over the long-term; and market mechanisms such as Cap & Trade will be key to doing that.  That long-term benefit, however, does not require an auction.  We are concerned that an auction does carry short-term risk of costs that will ripple through the economy - even down to small and medium sized enterprises such as many of our members.

 

We appreciate the efforts that CARB is making to address these potential problems.  However, these efforts are incremental.  We are not comfortable that they are sufficient."   Read more . . .

 

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