http://www.capitolweekly.net/article.php?_adctlid=v%7Cjq2q43wvsl855o%7Cx7udh48o6xwbyp&issueId=x7thlm9cz68q4m&xid=x7thykvge1cqjcTwo major ballot initiatives, each emphasizing the need for clean power and renewable energy amid the public's rising concerns over greenhouse gases, will confront California voters in November. On their face, they appear to be straightforward environmental proposals.
But all is not what it seems.
One initiative is being bankrolled by the nation's largest purveyor of vehicular natural gas. And though it's being sold as an environmentally friendly initiative, the measure's sponsor--as well as other energy purveyors--presumably could make millions of dollars if it is approved by voters.
The plan calls for $5 billion in bonds to develop and encourage the use of clean alternative fuels and renewable energy, with half the money going to new or repowered clean vehicles. "Clean alternative fuel" means natural gas and "any fuel that achieves a reduction of at least 10 percent" in carbon emissions. Thus far, the sole financial backer of the initiative-- which includes incentives for passenger cars, trucks and commercial vehicles--is Clean Energy Fuels Corp. of Seal Beach, which has donated about $1.5 million.
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