Fighting to Preserve Climate Change Law in California. By Colin Sullivan, ClimateWire, May 13, 2010. "Venture capital interests and political operatives gearing up for a fight this fall over California's climate change law are pressing donors to counter what they fear will be a campaign war chest in excess of $50 million from those looking to delay the measure. A coalition has begun forming among clean-tech companies, venture capital firms, environmental groups and veteran strategists who have fought through presidential campaigns as well as tough proposition battles in California. Their goal for now is simple: Start raising money to keep pace with the other side, which calls itself the California Jobs Initiative. Donnie Fowler, a senior adviser to the Clean Economy Network, said the oil companies behind the effort to repeal the climate measure could spend anywhere from $50 million up to the $94 million they spent in 2006 to defeat Proposition 87, which would have increased gas taxes to fund renewable energy projects."
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