CalChamber Announces Position on Cap and Trade Legislation

SACRAMENTO, CA — The California Chamber of Commerce today announced its support position on AB 398 (E. Garcia; D-Coachella).

“The balanced, well-designed cap and trade program in AB 398 is essential to reducing the costs of California’s greenhouse gas reduction goals established last year in SB 32,” said CalChamber President Allan Zaremberg.  “AB 398 will provide the least costly path to achieving our climate goals by extending cap and trade to 2030.  The measure will help California maintain a healthy economy that produces well-paid, middle class jobs.”

CalChamber’s AB 398 support letter provides additional details.

The California Chamber of Commerce (CalChamber) is the largest broad-based business advocate to government in California.  Membership represents one-quarter of the private sector jobs in California and includes firms of all sizes and companies from every industry within the state.  Leveraging our front-line knowledge of laws and regulations, we provide products and services to help businesses comply with both federal and state law.  CalChamber, a not-for-profit organization with roots dating to 1890, promotes international trade and investment in order to stimulate California’s economy and create jobs.  Please visit our website at www.calchamber.com

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