‘Cap-and-trade’ revenues to support Californian high speed programme

2014-06-18T15:52:00

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USA: The California state budget for 2014-15 includes a commitment to provide a further $250m for the planned San Francisco – Los Angeles high speed rail project.The contribution would be provided using revenues accrued by the state’s emissions trading scheme. More significantly, the budget, backed by Governor Jerry Brown and ...

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