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Legislative Analyst: California Greenhouse Gas Law Could Cost Some Jobs

The Legislature's nonpartisan analyst says California's landmark greenhouse gas reduction law could cost jobs in the near term, while its long-term impact is uncertain. But, Legislative Analyst Mac Taylor concluded in a letter released Monday, the overall impact of the law on the state's gargantuan economy "will probably be modest." (T)he letter is likely to add fuel to an effort led by two Texas-based oil companies and GOP legislators to stall the 2006 law from being fully implemented.

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Sacramento Bee