Chevron Warns California It May Not Survive More Cap-and-Trade Taxes

<![CDATA[California has a cap-and-trade system in place which is really just a way to place an additional tax on energy producers. That program keeps being extended every time it nears its expiration date. It was set to expire in 20130 but last year Democrats extended it for another 15 years to 2045. But the California Air Resources Board is also about to vote on changes to the program that could make it even more expensive for energy producers (aka "polluters") to operate in the state.]]>