Saturday, October 12, 2013

California's Green Trade War. Sacramento uses carbon mandates to punish out-of-state businesses.

Sorry, you can't have your cake and eat it, too.
What this means is that California's crude oil now rates the same as Alaskan light—even though California's actual carbon intensity is four times as high. Yet another convolution puts oil recovered from Canada's Alberta tar sands at a ratings disadvantage in California.

Now comes the kicker: By the California Air Resources Board's own admission, the state's fuel standard "does not result in reductions in greenhouse gas emissions on a global scale" because more carbon-intense fuels will be sold elsewhere anyway.

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