California state lawmakers worked late into Wednesday night to pass an aggressive climate legislation package, including $54 billion in new spending on clean energy and drought resilience measures, and a bill to stop the planned closure of the state’s last nuclear plant.
The legislative action comes as California and other Western states are in the grip of an intense heatwave amid a devastating, 22-year drought. And it follows state air regulators’ vote to phase out new gas-powered car sales in the state by 2035.
Among other things, the legislation will codify new benchmarks to get California to 90% clean electricity by 2035 and 95% by 2040 – stepping stones toward its already established goal of 100% clean electricity by 2045.
Who notes California has long been on the forefront of aggressive environmental legislation and spending, serving as a proving ground to many other states willing and inclined to follow its path…
Premium Home Fool: Ask me a Foolish Question, I’ll give you a Foolish Response!
Ticker Guide: The Walt Disney Company (DIS), Intuit (INTU), Live Nation (LYV), CME Group (CME), MongoDB (MDB), Trip Advisor (TRIP), Vivendi SA (VIVHY), JFrog (FROG), Virgin Galactic (SPCE), Axon Technologies (AXON), Blackbaud (BLKB), StitchFix (SFIX)
Disclaimer: This post is non-professional and should not be construed as direct, individual or accurate advice
Disassociation: The views and statements of this post are Fuskie’s and are not intended to represent those of The Motley Fool or any other sane body
Disclosure: May own shares of some, many or all of the companies mentioned in this post: https://tinyurl.com/FuskieDisclosure
Fool Code of Conduct: https://www.fool.com/legal/the-motley-fools-rules.aspx#Condu…
Invitation: You are invited to interactively watch Motley Fool Live online television: https://www.fool.com/premium/live/
Call to Action: If you like this or any other post, Rec it. Better yet, reply to it. Even better, start your own thread. This is YOUR TMF Community!