The Truth About Proposition 23

On November 2, 2010, Californians will cast a vote on Proposition 23 (the "California Jobs Initiative") and decide whether or not to suspend AB 32, also known as the "Global Warming Solutions Act of 2006." The legislature enacted AB 32 with the intention of establishing California as a national leader in the climate change and clean technology arena. The stagnating economy has provided AB 32 opponents with a platform to propose suspending AB 32 until unemployment in California falls below 5.5%, a proposition both advocates and detractors of Prop 23 admit will not likely happen for several years.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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