POLITICS Assembly bill could rev up fuels market!
California motorists, farmers and boaters would pay an estimated $130 million a year in new fees for alternative-fuel research and other clean-air programs under a proposal by Assembly Speaker Fabian Núñez.
Assembly Bill 118 -- which recently passed the Assembly -- would make the state a major investor in green technology, alongside venture capitalists and energy companies that already are pouring billions of dollars into research.
The bill comes less than one year after lawmakers passed legislation to aggressively cut the state's greenhouse gases in an attempt to curb global warming. That effort will fail if "we as government don't do something to help jump-start the alternative fuels market," said Núñez, D-Los Angeles.
The Daily Politics
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