GROUPS FEAR GHG REDUCTION TARGETS WILL HURT COMPETITIVENESS

Industry groups are raising concerns that greenhouse gas (GHG) emission reduction targets sought by California state officials may be premature and could hurt the business climate and competitiveness. These concerns may affect the fate of a proposal pending in California Gov. Arnold Schwarzenegger's (R) office that could serve as a model for other states, and could sink a state bill that establishes specific GHG emission reduction targets by 2010 and 2020, sources say. Industry organizations have been relatively quiet in...