The NewStandard ceased publishing on April 27, 2007.

Cali. Voters Deny Oil Tax to Fund Alternative Energy

by Shreema Mehta

Nov. 8, 2006 – Californians voted down a proposition that would have imposed a tax on oil companies drilling in the state.

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Fifty-four percent of voters rejected the initiative.

As previously reported by The NewStandard, Proposition 87 would have channeled $4 billion raised from oil taxes into a program designed to reduce residents’ dependence on oil by building more solar panels, ethanol fueling stations and other technologies. The tax would have also funded alternative-energy development.

According to the Associated Press, oil companies spent more than $100 million campaigning against the initiative, while a coalition of environmental organizations, Democratic groups and Hollywood producers spent $57 million.

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The NewStandard ceased publishing on April 27, 2007.

Shreema Mehta is a staff journalist.

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