LA Times reports that Schultz is now one of the leaders of the campaign against Proposition 23, an initiative backed by several oil companies, that is seeking to delay the implementation of California's anti-global warming law, AB 32, which is intended to reduce carbon emissions. Schultz dispenses the following common sense advice:
"Sooner or later, somehow or other, there's going to be a price put on carbon. So everybody running companies … take a deep breath … better start adjusting to it. We're going to make energy created by the burning of fossil fuels more expensive. That's the idea. So people will use less of it. Those who are creating ways of producing energy with less of a carbon footprint will benefit."We should pay attention to people like Schultz and Greenspan because they should have no reason to advocate anything other than what they feel is best for the country. Unlike active politicians, they have no ambitions to another office, and they are not beholden to any special interests. They can simply speak the truth.
(Marcio Jose Sanchez/AP photo from LA Times)