Ca. Gov. Schwarzenegger Issues Statement on Cap-and-Trade Program Recommendations

SACRAMENTO /California Newswire/ — Governor Arnold Schwarzenegger today issued the following statement after the Economic and Allocation Advisory Committee issued their final recommendations to the California Air Resources Board on the design of the cap-and-trade program:

“I want to thank the Committee for its hard work and I have directed my staff to thoroughly review its recommendations. I continue to believe the best program will be one that returns value to the people through tax cuts, rebates or dividends, and I applaud the Committee for recognizing those options. I look forward to the Air Resources Board’s assessment of these recommendations as it designs a cap-and-trade program to reduce greenhouse gas emissions at maximum benefit to state economic growth.”

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