Cap-And-Trade Funds For $68B Calif. Rail Project To Spur Suits

Law360, San Diego (April 5, 2012, 11:22 PM EDT) -- California’s $68.4 billion plan to build a high-speed rail system proposes to use fees collected from the state’s cap-and-trade program as a possible source of funding, but tapping those fees could spark legal challenges over the program to curb greenhouse gas emissions, experts say.

The California High-Speed Rail Authority on Monday released a revised plan that calls for $3.3 billion in federal funding and $2.7 billion in bond proceeds to be spent on the initial section of the 520-mile rail corridor, but billions of dollars for...
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