OPINION: Why California’s Finances Could Derail Their Energy Plans
This year, California faces a $1.6 billion budget deficit and faces upwards of $3 trillion in outstanding debt, reports Todd Royal from Fox and Hounds. This figure does not factor in costs needed to pay for critical infrastructure such as roads, bridges, and water systems. The lion’s share of California’s debt comes from nearly $1 trillion in unfunded pension liabilities. How can Californians be expected to pay for the new renewable energy plans?
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