Calif. Analyst Sees Job Losses Under Climate Law
The state's landmark global warming law likely will lead to modest jobs losses in the near future, according to a nonpartisan review that bolsters a growing Republican movement to shelve climate regulations until the economy recovers. The Legislative Analyst's Office determined businesses will face higher electricity and fuel prices as well as costly investments to improve building and heating standards. However, it did not calculate average costs to businesses or say how many jobs might be lost. It did say the effect on the state's overall economy is expected to be small.
