In California Proposition 23 Fails

On November 2, 2010, Californians shot down Proposition 23, which would have postponed implementation of AB23/Global Warming Solutions Act of 2006 until unemployment in California reached 5% for over a year. A quick glance at Bureau of Labor Statistics data shows the that this was an unrealistic benchmark considering the length of time it's taken CA to reach 5% during previous recoveries following far tamer recessions of the past.

California's historical

According to Ballotpedia, the bill had strong financial support from the petroleum industry as well as organizations who push for smaller government involvement and more privatization.

Valero $4,065,636
Tesoro Companies $1,540,636
Flint Hills Resources $1,000,000
Marathon Petroleum Company LLC $500,000
Adam Smith Foundation $498,000
Occidental Petroleum $300,000
National Petrochemical and Refiners Association $100,000

See the entire list here