themissinglink
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- Jan 13, 2018
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Newsom to propose extending a landmark California climate law
Gov. Gavin Newsom on Wednesday proposed a 15-year extension of California’s signature cap-and-trade system for greenhouse gases — a cornerstone of the state’s climate policies and a reliable revenue generator.
[...]
Newsom’s plan would also address another California initiative under attack from the Trump administration. Specifically, it would convert the proportion of revenue that funds the state’s hot-button high-speed rail project from a 25 percent carve-out to a guaranteed minimum funding level of $1 billion annually.