Proposition 10 Sounds Good, but ...

Summary


It's never hard to find self-serving propositions on the California ballot. But there has never been anything quite like this fall's Proposition 10, even in a state that has seen the tobacco industry run initiatives aiming to kill municipal restrictions on smoking and watched power companies put hundreds of millions of dollars behind measures they figured would bring them tens of billions.

The current Proposition 10 has been paid for almost entirely by one Texas company, aiming to benefit that single company more than any other. The firm is called Clean Energy Fuels Corp. It was formerly known as Pickens Fuel Corp. That's Pickens, as in T. Boone Pickens, the billionaire Republican Texas oilman and investor who largely funded the scurrilous Swift Boat ads that many believe killed the 2004 presidential candidacy of multiple military medal winner John Kerry, a Democrat once considered a war hero.

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Extract


Proposition 10 Sounds Good, but ...

Pickens' company spent just over $1.5 million qualifying Proposition 10 for a November vote. It's anyone's guess how much more he will spend this fall. Because it wasn't part of a specific election c...

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