Carbon Capping Already Killing California Jobs

Conn Carroll / February 25, 2009

President Barack Obama reiterated his promise to impose invasive and strict carbon caps on our nation’s economy last night. He failed to mention what effect they would have on our nation’s economic recovery. Fortunately for the rest of the nation, but unfortunately for them, California has already adopted strict new carbon capping rules. The result? They are a jobs killer. The New York Times reports:

Only a few years ago, CalPortland planned on keeping its plant here operating as long as Mount Slover’s limestone held out. … But the company says the plant’s future is now uncertain. The recession has sent cement prices plunging, lowered profits and forced CalPortland’s drivers to cut back on hours. And the company says it faces new expenses: the cost of meeting California’s new requirements that manufacturers take steps to curb emissions of carbon dioxide, the main heat-trapping gas linked to global warming.

State regulators have projected that retrofitting the state’s 11 cement plants would cost $220 million and reduce carbon dioxide emissions by 12 percent per ton of cement. But CalPortland’s executives say it would cost more than that to retrofit the Colton plant alone.

“We don’t have enough limestone left to invest $200 million,” said James A. Repman, the company’s president.

The key to this story are the completely unreliable cost predictions by the state. (more…)