Not all businesses are opposed to the plan. Mike Mielke of the Silicon Valley Leadership Group — which has 375 members, including tech titans IBM, Apple, and Cisco — said lots of technology firms see opportunity in the new carbon market.
"Cap-and-trade sends a clear market signal with a price on carbon," Mielke said. "A growing portion of our membership is clean technology, and that's a growing sector because of AB32."
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