California’s troubled high-speed rail project needs an additional $1 billion per year from the state legislature to survive, officials said Monday, after the withdrawal of $4 billion in funding by the Trump administration.
The Los Angeles Times reported that high-speed rail wants funds from the state’s cap-and-trade program, which was created to reduce carbon dioxide emissions while funding projects to fight climate change:
As federal funds for California’s high-speed rail project remain suspended, state lawmakers urged the Legislature to approve a $1-billion-per-year investment pulled from cap-and-trade revenue while linking the future of the…
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