Web Version [link removed] | Update Preferences [link removed] Press Release Business Roundtable Response to Governor Newsom Signing Legislation That Will Increase Costs on Working Families

FOR IMMEDIATE RELEASE

September 16, 2022

CONTACT: Brooke Armour [mailto:[email protected]]

(916) 553-4093

SACRAMENTO— California Business Roundtable President Rob Lapsley issued the following statement today in response to Governor Gavin Newsom signing a series of legislation that will significantly increase the cost-of-living:

“California’s climate change goals are transforming our economy through a renewable energy policy. The California Business Roundtable has supported these goals and California being a leader in climate policy. However, the actions taken today create a path no other states or nations can follow. To achieve all of these goals, we must start with reliable and affordable energy for all Californians, but the results to date show we have the highest gas prices in the nation and highest electricity prices among the contiguous states and must now depend on Flex Alerts to get us through the summer months.

“There was no major policy reason to rush these new goals at the end of session, especially when at the same time the Air Resources Board is working to pass the next generation scoping plan to achieve the state’s current climate change goals and the state has not yet built a robust electrical grid to ensure we can implement them. The politics of climate change cannot take precedence over common-sense policy if we are to ensure that lower-income—and increasingly middle-income—residents do not bear the brunt of paying for the state’s ambitions. The business community continues to support common-sense market-based climate change solutions that is a catalyst for economic investment and growth and are not paid for by those who can least afford it.”

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