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Big Money Lining Up Against Prop 23

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Supporters of Prop 23 qualified the initiative to help save businesses from the costs of complying with the landmark climate change regulation bill known as AB 32. The initiative, now known as Prop 23, would suspend the climate change law until after a persistent and precipitous fall in the state unemployment rate.

The trouble for the initiative: some big business money is going to opponents of the initiative.

Carla Marinucci on the San Francisco Chronicle politics blog had the scoop: the Democratic donor, billionaire Tom Steyer, has pledged $5 million. He'll be joining Republican wise man George Shultz.

The money and the bipartisan opposition is a good sign that Prop 23 is going down to defeat. Big money is often enough to sow public coubts about the measure, and secure a no vote.

Related Topics Cash, Jobs, AB 32, Climate Change
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