SACRAMENTO – Large campuses in the University of California and California State University systems are bracing for the implementation of new state rules that will force them to cut carbon emissions or pay as much as $28 million a year to offset their greenhouse gases.Come on, lefties! Welcome to your Green nirvana, now pay up. Sure, it's a regressive tax that will disproportionally impact students, researchers, and the sick. But well crafted Progressive legislation never has unintended consequences, so quit yer bitching.
"The University supports the creation of a greenhouse gas cap-and-trade program, but is concerned that it is being disproportionately impacted by the proposed cap-and-trade rule and that its compliance costs will ultimately be borne by students, researchers, and patients to the detriment of teaching, research, and healthcare activities," wrote Anthony Garvin of the UC Office of the president in a 2010 letter to the California Air Resources Board, the entity responsible for implementing AB 32.
And the article delightfully slips the knife in to the hilt, in paragraph 2:
For years, businesspeople have been complaining that the Global Warming Solutions Act of 2006, also known as Assembly Bill 32, will decimate California's economy and force companies to move out of state.Maybe the University of California system can move to Texas like all those businesses are. And the absolute best part of the whole hoist on their own petard thing?
At this point, no one knows what the going rate for carbon credits will be because the market hasn't been established yet. But assuming a cost of $10 to $40 per credit, several public campuses could face multi-million dollar bills.Six years after the statute passed, nobody knows what it will cost. That's one righteous display of Progressive Intelligence, right there.