Industry Study Finds High Costs, Low Benefits In California Climate Bill

An industry-funded study is expected to bolster claims by opponents of proposed legislation that would cap industrial greenhouse gas (GHG) emissions in California, by showing that the bill would likely result in substantial costs that would drive businesses out of state while providing minuscule environmental benefits. But environmentalists and clean-energy advocates supportive of the legislation are charging the study is flawed and driven by an overbearing oil industry protecting its own interests. The June 15 study , written by the...