?Carb? Cutting To Proceed On Schedule In California, Voters Nix Prop 23

Groups that sought to postpone air pollution controls in California lost at the polls on Tuesday. An estimated 61 percent of California's voters said no to proposition 23, and yes to keeping the Global Warming Solutions Act of 2006, Assembly Bill 32 (AB 32) on schedule. The laws aim to cut the state's industrial carbon dioxide (CO2) emissions back down to 1990 levels by the year 2020 and are slated to take effect in early 2012. What does AB32 mean for businesses in California and the U.S.?

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