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California approves climate and energy measures

California Gov. Gavin Newsom (D) on Friday signed a slate of bills as part of an effort to “lower electricity costs, stabilize the petroleum market and slash air pollution.”

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The measures signed into law include legislation to increase climate credits on utility bills, expand regional power markets out West, add $18 billion to the California Wildfire Fund and allocate $1 billion annually to a high-speed rail project.

The cap-and-trade program, now to be known as “cap-and-invest,” was reauthorized through 2045, “making polluters pay for projects that support our most impacted communities," Newsom said in a statement.

“We’ve got to manifest our ideals and our goals. And so this lays it out, but it lays it out without

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