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California takes leap of global warming faith

California is either about to bankrupt all its businesses, or it’s unleashing a green revolution.

Either way, it took a big step toward cutting greenhouse gases on Thursday, when its top air quality regulator, the California Air Resources Board, passed a scoping plan. That sounds deadly dull, we know, but it has excited a lot of people because it means specific targets are being set by the largest U.S. state in the midst of the worst economy almost anyone living has seen.

Some businesses fear they won’t be able to survive the costs. Some feel California will be economically reborn. Check out our story, and don’t be afraid to go to the CARB site and check out the plan itself, along with economic analysis and more.

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