Understanding the Impact of AB 32
. . . comprehensive study to better understand the impacts AB 32 regulations will have on fuel markets, businesses, consumers and the California economy.
News
One Million Jobs at Risk: The Future of Manufacturing in California
“. . .calls for a joint effort, and specific actions, by businesses and government to preserve a competitive manufacturing base. “
The Fiscal and Economic Impact of the California Global Warming Solutions Act of 2006
Fiscal and economic study of AB 32
The Other Government Motors
Tesla’s biggest windfall has been the cash payments it extracts from rival car makers (and their customers), via its sale of zero-emission credits. A number of states including California require that traditional car makers reach certain production quotas of zero-emission vehicles—or to purchase credits if they cannot. Tesla is a main supplier. Take away the credits and Tesla lost $53 million in the first quarter, or $10,000 per car sold. California’s zero-emission credits provided $67.9 million to the company in the first quarter, and the combination of that state’s credits and federal and local incentives can add up to $45,000 per Tesla sold, according to an analysis by the Los Angeles Times. A Morgan Stanley MS +1.40% report in April said Tesla made $40.5 million on credits in 2012, and that it could collect $250 million in 2013. Tesla acknowledged in a recent SEC filing that emissions credit sales hit $85 million in 2013’s first quarter alone—15% of its revenue, and the only reason it made a profit.
Mattel Moving 100 Fisher-Price Jobs to El Segundo from New York
Company: MattelCA Net Job Gain/Loss: 100Reason: Expand, From Out of StateCity/Region Losing Jobs: New York, NYCity/Region Gaining Jobs: El Segundo, CA
Apple will bring manufacturing to Texas. Sorry, Elk Grove
When Apple CEO Tim Cook announced late last year that the tech company wanted to bring some manufacturing back to the United States, it raised the question of where? Now we know: Texas.
Raytheon Moving California HQ to McKinney
Company: Raytheon Co.CA Net Job Gain/Loss: -170Reason: Closure , Move Out of StateCity/Region Losing Jobs: El Segundo, CACity/Region Gaining Jobs: McKinney, TXNotes: Raytheon Space and Airborne Systems moving HQ; the 170 jobs have an average salary of $250,000
Where Will the Drone Jobs Go? States Balance Economic Opportunity with Privacy Concerns
Drones are on the minds of a lot of lawmakers right now. Their domestic arrival is now inevitable—the FAA estimates that 7,500 small drones, formally referred to as unmanned aircraft, will be in American skies by 2018. Drones will be fertilizing crops, aiding in search and rescue, and helping cops chase down criminals. And they’ll be creating jobs—lots of them, in areas such as manufacturing, training, and research and development. The unmanned aircraft industry hopes that there will be 100,000 people with drone-related jobs by 2025.
Aerospace Giant to Cut 5 Percent of Satellite Workforce
Company: Boeing Space & Intelligence SystemsCA Net Job Gain/Loss: -75Reason: LayoffCity/Region Losing Jobs: El Segundo, CANotes: Story describes 300 job cuts in four different cities but provides no specific job loss figures – so 75 job losses attributed to each city
Aerospace Giant to Cut 5 Percent of Satellite Workforce
Company: Boeing Space & Intelligence SystemsCA Net Job Gain/Loss: -75Reason: LayoffCity/Region Losing Jobs: Torrance, CANotes: Story describes 300 job cuts in four different cities but provides no specific job loss figures – so 75 job losses attributed to each city
Aerospace Giant to Cut 5 Percent of Satellite Workforce
Company: Boeing Space & Intelligence SystemsCA Net Job Gain/Loss: -75Reason: LayoffCity/Region Losing Jobs: Seal Beach, CANotes: Story describes 300 job cuts in four different cities but provides no specific job loss figures – so 75 job losses attributed to each city
Aerospace Giant to Cut 5 Percent of Satellite Workforce
Company: Boeing Space & Intelligence SystemsCA Net Job Gain/Loss: -75Reason: LayoffCity/Region Losing Jobs: Huntington Beach, CANotes: Story describes 300 job cuts in four different cities but provides no specific job loss figures – so 75 job losses attributed to each city
Chinese Firm to Open Bus Factory in Lancaster
Company: Build Your DreamsCA Net Job Gain/Loss: Unknown ImpactReason: Expand, From Out of CountryCity/Region Losing Jobs: Shenzhen, ChinaCity/Region Gaining Jobs: Lancaster, CA
Fisker’s Road to Bad Karma
Company: Fisker AutoCA Net Job Gain/Loss: -160Reason: LayoffCity/Region Losing Jobs: Anaheim, CA
European Industry Flocks To U.S. To Take Advantage Of Cheaper Gas
LUDWIGSHAFEN, Germany — The sprawling chemical plant in this city along the Rhine River has been a jewel of Germany’s manufacturing-led economy for more than a century. But the plunging price of natural gas in the United States has European companies setting sail across the Atlantic to stay competitive.