San Jose Mercury News: Letter to the editor
The following letter to the editor from CCL's John Fioretta was published in the San Jose Mercury-News on March 25, 2011. I agree with the Mercury News (Editorial, March 23) that California's landmark global warming law should not be frustrated by legal action. AB 32 is a good example of state leadership in response to federal inaction. However, there is a less complicated alternative. A fee and dividend program would place a gradually increasing fee on fossil fuels and then refund 100 percent of the revenues obtained as a dividend to the people. Although both AB 32 and a fee and dividend system would discourage using global warming and polluting oil and coal and provide incentives to innovate alternative energy technology, the fee and dividend plan would provide greater price certainty to business and industry and protect consumers against energy price increases. John Fioretta San Jose
Fee and dividend tops cap and trade
