Posted on 10/07/2010 4:29:39 PM PDT by NormsRevenge
A last-minute budget concession is heading to a struggling business founded by a political ally and generous campaign contributor to Gov. Arnold Schwarzenegger.
Pacific Ethanol, a firm founded by state Republican Party fixture Bill Jones, would be relieved of a requirement to meet strict environmental standards by a change quietly inserted into budget legislation Wednesday.
Jones is the former California secretary of state and was the Republican candidate for U.S. Senate in 2006. Jones and Schwarzenegger have endorsed each other's campaigns over the years, and Jones has given nearly $70,000 to Schwarzenegger's political committees, state records show.
In August, the Schwarzenegger administration promised millions in subsidies that helped rescue Pacific Ethanol from bankruptcy. Part of the deal was that the firm, which uses corn to make the gasoline additive ethanol, would significantly reduce its carbon footprint within four years.
But a last-minute change to the statute allows the carbon reduction requirement to expire in two years, essentially letting Pacific Ethanol, and three smaller firms that qualify for the subsidy, off the hook.
(Excerpt) Read more at latimesblogs.latimes.com ...
uhhhh .. incoming.. flash from the past time
He will never stop acting like a Democrat
Ah, Good ‘ol Bill Jones, the perennial loser.
Is it any wonder the GOP is nonexistent in CA?
He should be in jail, IMO.
And take Koehler, his ex-Enron buddy, with him.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.