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Gov. Brown wants to tap cap-and-trade funds for bullet train
Gov. Brown wants to tap cap-and-trade funds for bullet train

Gov. Jerry Brown's plan to provide urgently needed new funding for California's bullet train project from corporate fees on greenhouse gases melds two of his political passions: building the nation's first, truly high-speed rail system and putting the state at the forefront of the battle against global warming. The bullet train system suffered a series of legal blows last year that blocked $9 billion in state funding, sending Brown and his allies on a search for a new source of funds. This week, Brown plans to announce a new strategy to keep the project moving: dipping into hundreds of millions of dollars in fees collected from businesses whose carbon dioxide emissions...

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