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Silicon Valley businesses to be hit with global warming tax PDF Print E-mail
Trendwatch
By Humphrey Cheung   
Thursday, May 22, 2008 04:18
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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May 22, 2008 12:22     
May 22, 2008 12:52     

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