Big money for clean vehicles in California cap-and-trade spending deal
Above: California Gov. Jerry Brown, left, Senate President Pro Tem Keviin de Leon (D-Los Angeles) and Assembly Speaker Anthony Rendon (D-Paramount) have reached an agreement on cap-and-trade spending. (Photo Credit: Rich Pedroncelli, Associated Press)
By Chris Megerian | Los Angeles Times
California will use cap-and-trade revenue for a massive investment in clean trucks, buses, cars and other vehicles, according to details of an agreement obtained by The Times on Monday evening.
The $1.5-billion spending plan comes less than two months after lawmakers extended the state’s cap-and-trade program, which requires companies to buy permits to emit greenhouse gases, until 2030.
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