On Tuesday, November 7, 2006, California voters will have the opportunity to vote for a step toward energy independence and a cleaner environment for all Californians. Proposition 87 will impose a tax of 1.5 to 6%, on the extraction of oil in California, depending on the price of oil. Similar taxes are imposed by other states including Alaska, Louisiana, Okalahoma and even Texas. Other states ask oil companies to pay their fair share, like all citizens do, why shouldn't California be the same. The Proposition will fund a California Energy Independence Fund with the fund of up to $4 billion used for programs to be administered by new California Energy Alternatives Program Authority. The Authority will be composed of nine members from the environmental, business, health and energy fields. The Authority will be tasked with (from the legislative analysis of the Proposition [PDF]):
• Gasoline and Diesel Use Reduction Account (57.50 Percent)—for incentives (for example, consumer loans, grants, and subsidies) for the purchase of alternative fuel vehicles, incentives for producers to supply alternative fuels, incentives for the production of alternative fuel infrastructure (for example, fueling stations), and grants and loans for private research into alternative fuels and alternative fuel vehicles.
• Research and Innovation Acceleration Account (26.75 Percent)—for grants to California universities to improve the economic viability and accelerate the commercialization of renewable energy technologies and energy effi ciency technologies.
• Commercialization Acceleration Account (9.75 Percent)—for incentives to fund the start-up costs and accelerate the production and distribution of petroleum reduction, renewable energy, energy efficiency, and alternative fuel technologies and products.
• Public Education and Administration Account (3.50 Percent)—for public education campaigns, oil market monitoring, and general administration. Of the 3.5 percent, at least 28.5 percent must be spent for public education, leaving a maximum of 71.5 percent of the 3.5 percent (or roughly 2.5 percent of total revenues) for the Authority’s administrative costs.
• Vocational Training Account (2.50 Percent)—for job training at community colleges to train students to work with new alternative energy technologies.

This law should have provisions for B100 sales and use as to B-20 sales and use. B-20 is slowly making its way on the the market, but it has draw backs like it still containes 80%petrolium product in it and this is not worth using at the currant price range its being marketed at! Why buy it if sells at the same price as regular diesel? Bio-diesel is easly produced with waste vegie oils, if Propsition 87 will help cut off our dependance on Dino fuels and help promote clean renewable fuel sorces like bio-diesel I am all for it. get-her done!
Posted by: Ronald Miller | 01 September 2006 at 02:08 PM