Last week, California Insurance Commissioner Dave Jones launched the latest salvo in his relentless crusade to coerce the nation’s leading insurance companies to divest from oil and natural gas company holdings.
Despite opposition from thousands of elected officials, state agencies, businesses, community groups and other stakeholders, EPA pressed ahead with its tighter ozone standards from 75 parts per billion (ppb) to 70 ppb on October 1st last year - a move that is expected to cost $1.4 billion annually and provide little economic benefit.
