To better understand the potential impacts from California’s many new climate change policies, WSPA engaged the services of the respected Boston Consulting Group (BCG) to analyze the likely economic and environmental impacts of those policies. The results are sobering.
According to the BCG report, climate change policies like the Low Carbon Fuel Standard are not feasible and can’t be sustained. But they can be fixed. WSPA’s purpose in launching this effort was to first understand how fuel markets are likely to react to the policies and then begin a conversation about how to maintain California’s leadership in environmental policy without putting the state’s economy and fuel supply at risk.
We believe the BCG study is so important we’ve created a website where you can download the report and related material and judge for yourself whether or not you think California’s fuel policies are on the right track. I urge you to visit www.cafuelfacts.com and share with us your thoughts and ideas about climate change and transportation fuels policies.
One of the more concerning findings in the BCG report is the likelihood that fuel production costs could become alarmingly high AND supplies could become dangerously low as soon as the 2015 to 2016 timeframe. That means it is urgent we start the conversation now about how to fix these problems.
We can’t afford to wait.