With billions of dollars in profits, oil companies can pay a lot of consultants to write a lot of really impressive-looking reports. But look past the fancy cover page and you will often find these documents are nothing more than spin. Case in point: the recent report from Californians for Affordable and Reliable Energy (CARE) and the Valley Industry and Commerce Association (VICA).
For those looking for the real facts about California’s world-leading climate change law, let us correct the record:
1. Californians spend LESS on energy than people in 45 states.
The CARE report uses the usual scare tactics about the price of energy. But the truth is that on average, Californians spend less on their energy bills than residents of 45 other states (see graph below) and almost $60 less than the national average per month. This is due to in-large-part to California’s energy efficiency measures, which have led Californians to use almost 45% less electricity per capita than the U.S. average.
2. California’s climate law will yield significant environmental AND economic benefits for its citizens.
Not only are the costs of AB 32 policies much smaller than the VICA/CARE report would lead you to believe, California’s climate policies actually yield significant economic and health benefits. Read More