November Ballot Initiative Would Tax Oil and Fund Renewables
The content that follows was originally published on the Institute for Local Self-Reliance website at http://www.ilsr.org/november-ballot-initiative-would-tax-oil-and-fund-renewables/After supporters gathered more than 1.1 million signatures, California voters will see an interesting measure on the November 7, 2006, ballot. The “Clean Alternative Energy Act Initiative” would assess a 1.5-6.0 percent tax on oil companies operating in California to fund alternative fuels and renewable energy development.

