Last week, California politicians (Gov. Schwarzenegger and state Democrats, mostly) reached an agreement on a massive greenhouse gas emissions law. Yesterday, BP America announced it will work with the Governor to "develop workable, market-based strategies for implementation of climate change legislation to reduce greenhouse gas emissions throughout California".
BP America is eager for a market-based way to lower emissions and has supported "cap and trading" programs in other areas (like the EU) for some time. BP releases an annual BP Sustainability Report. And BP has worked with Gov. Schwarzenegger in the past, as well. In July, the company hosting the Governor and British Prime Minister Tony Blair at a Climate Change Meeting and in 2004, Schwarzenegger unveil the first BP-branded retail–designed hydrogen site in America.

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[Source: BP America]

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