The Western States Petroleum Association released a report June 19 contending that California’s climate law (A.B. 32) could trigger higher gasoline prices, fuel shortages, and the closure of some state refineries by 2015. The report, Understanding the Impact of A.B. 32, reinforces many of the concerns voiced at a symposium in Sacramento that focuses on the state’s low-carbon fuel standard, and finds that the standard and trading program would increase fuel prices by as much as $2.50 a gallon, thus reducing demand that could cost 51,000 jobs.
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Oil group opposes CA climate law
- Mintz Levin Cohn Ferris Glovsky and Popeo PC
- David Leiter, Sarah Litke and Daniel Phillips
- June 24 2012
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