The guest speaker, Warren Duffy, will speak on “Cap and Trade will affect you”.
In 2006, the Legislature passed and Governor Schwarzenegger signed AB 32, the Global Warming Solutions Act of 2006, which set the 2020 greenhouse gas emissions reduction goal into law. It directed the California Air Resources Board (ARB or Board) to begin developing early actions to reduce greenhouse gases while also preparing a scoping plan to identify how best to reach the 2020 limit.
The AB 32 Scoping Plan identifies a cap-and-trade program as one of the strategies California will employ to reduce the greenhouse gas (GHG) emissions that cause climate change. This program will put California on the path to meet its goal of reducing GHG emissions to 1990 levels by the year 2020, and ultimately achieving an 80% reduction from 1990 levels by 2050. Under cap-and-trade, an overall limit on GHG emissions from capped sectors will be established by the cap-and-trade program and facilities subject to the cap will be able to trade permits (allowances) to emit GHGs.
Allan Zaremberg, president and CEO of the California Chamber of Commerce, says reducing carbon emissions in California will cost consumers and businesses money. The fundamental flaw in California’s cap-and-trade auction is that it imposes billions of dollars in unnecessary taxes on the California economy without reducing a single molecule of greenhouse gases.
Cap-and-trade sets a limit on carbon while the private sector determines how much it will pay for the privilege of emitting greenhouse gases, in the form of emission allowances.
But the California auction turns this concept inside-out. Over the life of the program, the state will sell half of the emission allowances. Selling allowances has nothing to do with the cap, but this new tax will raise billions of dollars for pet projects – new spending by the same Legislature that has presided over enormous budget deficits.
Zaremberg said the auction stands in stark contrast to the most successful market-based regulation in history – the acid rain program that radically reduced sulfur dioxide emissions in the Midwest and East.
Warren Duffy and his wife, Pam, began devoting their time extensively to researching the environmental movement and were active in the “All Pain – No Gain” campaign that successfully defeated “Cap and Trade” in Washington D.C. As a respected pastor and radio broadcaster, Duffy is known for getting to the “truth” of the matter.
Since then they have been working tirelessly to stop Cap and Trade in California through their organizations CFACT, SoCal and Friends for Saving California Jobs. They are focused on the state’s over reaching environmental regulations with AB32/The Global Warming Solutions Act of 2006 and its relationship to the U.N.’s 1997 Kyoto Agreement that includes Cap and Trade and Agenda 21.
Duffy has been interviewed on numerous local and national radio programs, has appeared on FOX business with “Varney & Company, and is a contributing writer for “World Net Daily”.
Carol Smith, president of the local Republican Women group said, “What is “Cap & Trade”, “Greenhouse Gas” “Smart Growth”, etc.? Come and listen to Warren Duffy and get ready to be educated.”