Emissions law.

Gov. Arnold Schwarzenegger and legislative leaders reached agreement on a landmark bill to require industries to curb greenhouse gas emissions. The bill AB 32, by Assembly Speaker Fabian Nunez, D-Los Angeles and Assemblywoman Fran Pavley, D-Agoura Hills, requires greenhouse gas emissions to be reduced 25 percent by the year 2020. With the expected passage of the law, California becomes the first state in the nation to adopt limits on fossil fuel emissions. Schwarzenegger has supported the concept of reducing these emissions, but said he wanted safeguards to protect against severe economic impacts if refineries, electric utilities, cement makers and other industrial facilities have to cut back production.