Source: New York Post
A proposal by California Gov. Gavin Newsom would funnel hundreds of millions of dollars in tax credits to encourage more “sustainable aviation fuel” — and in the process, crunch Californians hit by record-high gas prices even further, economists warned. The trailer legislation, currently making its way through the state legislature, would offer a one-dollar credit to fuel producers for every gallon of alternative jet fuel that emits 50% less carbon dioxide than conventional jet fuel.
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