CEO of Pickens-Run Company Pledges To Help California Despite Measure's Defeat
By Scott Doggett November 5, 2008
Clean Energy Fuels Corp., the company founded and controlled through majority stock interest by Texas oilman T. Boone Pickens, issued a press release today following the defeat
of a California ballot measure that would have resulted in rebates for natural-gas-powered vehicles at great taxpayers' expense
.
Here is the press release in its entirety:
California voters yesterday turned down Proposition 10. Named The California Renewable Energy and Clean Alternative Fuels Initiative, the measure was a $5-billion, first-in-the-nation public investment to provide funds for a wide variety of 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 CEO, 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.
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