Silicon Valley Businesses To Be Hit With Global Warming Tax

 

San Francisco (CA) - A Bay Area air pollution board has voted to levy an annual greenhouse gas tax on area businesses. The nine-county board said the tax will reimburse the costs for conduction global warming impact studies. 2500 businesses will be charged $1.1 million annually for the amount of carbon dioxide, methane or other greenhouse gasses they pump into the air. Most companies will only pay $1 or less, but major polluters like oil refineries could pay up to $180,000 a year.

The measure passed by a 15 to 1 vote with the sole dissenter saying the tax will likely increase in the future and become a burden on the economy

Read more ... Mercury News.

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  • nvalhalla
    So the pollution board is conducting million dollar a year independent global warming studies? That's either a complete lie or an enormous waste of money. Global warming has plenty of people studying it, the Bay area pollution board doesn't NEED to help out. I call shenanigans.
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  • velocityg4
    That's great increase cost of business in the US so that more production is done in China. Which has virtually no environmental laws, hooray for these fools.
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  • bildo123
    Wait let me get this, they are now going to additionally tax the oil/gas companies? NICE! Now the oil companies will have yet another excuse to the raise the price of oil/gasoline yet another dollar! God bless America.
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