Prop 23: Killing California Job Growth August 19, 2010 : 6:27 PM

From Grist:

"Proposition 23 will kill markets and the single largest source of job growth in California in the last two years," declared Vinod Khosla, a leading green tech investor, referring to the clean energy economy. "Not only that, it'll kill investment in the long term for creating the next 10 Googles."



“Chipped in Weihl: "For California, we can either lead in this and invest in it and participate in this huge growth sector or cede that to China, India, and other places. It would be crazy for us to sit back and let others take that opportunity."



“Underwritten by Texas oil companies Tesoro and Valero and other out-of-state fossil fuel corporations, Prop 23 would suspend California's global warming law -- popularly known as AB 32, as in Assembly Bill 32 -- until the unemployment rate drops to 5.5 percent for four consecutive quarters. (In other words, never.) AB 32 requires California to reduce greenhouse gas emissions to 1990 levels by 2020, which most likely would be accomplished through a cap-and-trade market.”