Leading the Way -- Off the Cliff
California regulators Thursday voted to cap the greenhouse gas emissions of the state's major industries and establish the nation's first broad-based carbon trading program.
The move marks another bellwether moment for a state that has led in environmental policy, coming as national climate legislation to regulate greenhouse gases and curb climate change has stalled in Congress.
"This is an historic venture," said Mary Nichols, chairwoman of the California Air Resources Board, as the panel voted 9 to 1 to approve some 3,000 pages of regulations and supporting documents, crafted over three years of intense negotiations with businesses and public interest groups.
The move is also being cheered by businesses in places as far away as Arizona and Nevada.
RELATED: Senator Jay Rockefeller is seeking to block the EPA's power grab (pun entirely intentional), but he can't do a damn thing to put a stop to California's foolishness.