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Monday, August 13, 2012
Big business sees California's global-warming law as a job killer, a $1 billion tax that could force some of the state's heaviest industries to flee
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In the market's first full year, California industries are expected to pay $1 billion or more for allowances. The cost could grow to $6 billion a year in 2015. That's when the market will expand to include oil refiners paying for the greenhouse gases emitted by cars and trucks on California roads.
- Dale Kasler/Sacramento Bee
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