California Votes No to Energy and Fuels Initiative
California voters turned down Proposition 10, the California Renewable Energy and Clean Alternative Fuels Initiative in the Nov. 4 general election. The measure was a $5-billion, first-in-the-nation public investment to provide funds for clean energy projects across the state, including consumer incentives for clean alternative vehicle fuels and the construction of renewable energy generation facilities, such as solar and wind power plants.
"Everyone talks about reducing the use of imported oil, lowering greenhouse gas emissions, and cleaning the air through the use of alternative energy resources, and California's voters considered supporting these critical goals in a meaningful way," said Andrew J. Littlefair, president and chief executive officer of Clean Energy. "The passage of Prop 10 would have provided an important funding mechanism to rapidly turn these goals into a reality throughout the state."
"We supported the initiative, and while Prop 10 may have served as a catalyst to accelerate our growth, its failure does not reduce our opportunities. We believe our core business is strong and pledge to continue to help California and the nation meet our critical goals of reducing imported oil while increasing the use of clean, alternative energy for the health and welfare of all our citizens," Littlefair noted.
Clean Energy Fuels Corp. provides natural gas (CNG and LNG) for transportation in North America. It has a broad customer base in the refuse, transit, ports, shuttle, taxi, trucking, airport, and municipal fleet markets, fueling more than 14,000 vehicles daily at over 170 strategic locations across the United States and Canada.