New California Environmental Bill will cut emissions by 40% and carbon by 50%--and who knows how much it will cut your profit margins.
A new environmental bill may have dire consequences for California small businesses.
Democratic Gov. Jerry Brown signed into law a bill that puts stringent restrictions on “super pollutants” such as black carbon, fluorinated gases, and methane, according to the Press-Telegram. This bill will require the state to reduce emissions of methane and hydrofluorocarbon gases to 40 percent below 2013 levels by 2030, and black carbon to 50 percent below 2013 levels by the same year, according to The Sacramento Bee.
SB 1383, while positive for California’s climate change, will negatively impact small businesses in certain industries, particularly in agriculture and oil. NFIB California Executive State Director, Tom Scott, criticized the bill, saying it “represents a direct assault on California’s dairy industry and will hurt manufacturing by creating an arbitrary limit on natural gases which dissipate quickly.”
“It creates an inconsistent policy that will further increase the cost of doing business in California,” he said.
According to the Associated Press, “the new law also pushes for a significant increase in composting to reduce organic waste, which emits methane when it breaks down in landfills. It calls for a boost of 50 percent within four years.”
This isn’t the first environmental legislation Brown has signed. Earlier, “Brown extended by 10 years another climate change law which aims to reduce greenhouse gas emissions. The expanded law set a new target for 2030,” reported NBC Los Angeles.