Carbon Tax Proposed in California

Moresco, Justin
February 2008
Red Herring;2/11/2008, p1
Trade Publication
The article reports the business enterprises in San Francisco, California could face the state's first tax on greenhouse gas emissions if a proposal by the region's air quality agency passes in May 2008. Refineries, power plants, landfill sites, laundrymats, and other businesses that are "combustion sources" would pay an annual tax of 4.2 cents per equivalent metric ton of carbon dioxide. The agency hopes to generate about $1 million a year from the tax to cover its emissions monitoring program, which includes about 10,000 businesses. But Tupper Hull, a spokesman for the Western States Petroleum Association, said the tax would raise costs for consumers and possibly affect efforts for climate change programs by creating a patchwork of policies across the state.


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