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| Silicon Valley businesses to be hit with global warming tax |
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| Trendwatch | ||||
| By Humphrey Cheung | ||||
| Thursday, May 22, 2008 04:18 | ||||
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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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