Proposition 10
“The California Renewable Energy and Clean Alternative Fuel Act”
Authorizes $5 billion in bonds ($9.8 billion with interest), much of which would provide rebates to buyers of hybrids and other alternative-fuel cars and fund research.
Los Angeles Times editorial, Sept. 19, 2008:
“Billionaire Texas oilman T. Boone Pickens, listed by Forbes as the 131st richest American, really, really wants your money. So much so that his natural-gas fueling company has shelled out $3.2 million to further the reprehensible scam known as Proposition 10.”
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