Green Technology

http://online.wsj.com/article/SB10001424052702303738504575568812369392150.html?mod=WSJ_Tech_LEFTTopNews

Next Tuesday the vote on proposition 23 will take place in California. This proposition is a ballot initiative seeking to suspend the state's landmark greenhouse-gas law. The original law, which was passed in 2006, required substantial cuts in the state's greenhouse gas emissions and set a goal that was to be reached by 2020. Seeing this opportunity, many small clean-technology firms sprung up to take advantage of the new law. Now the business that they were basically guaranteed until 2020 could be going out early. One of the managing general partner's of one of these firms said point-blank, "We've looked at Prop. 23 more as [possible evidence of] a national mandate on where we're headed, we have to start thinking about moving a lot of our investment dollars to China."