California State Treasurer Pledges More Debt to Fight the Climate Crisis

Official State Treasurer Portrait of John Chiang
Official State Treasurer Portrait of John Chiang. By State of California – http://www.treasurer.ca.gov/portraits.asp, CC0, Link

Guest essay by Eric Worrall

“A billion here, a billion there, pretty soon, you’re talking real money” – attributed to Everett Dirksen

California first to sign Green Bond Pledge to fight climate change

Bond market to finance eco-friendly projects

By: Keith Carls
Posted: August 08, 2018 08:28 AM PDT

SANTA MARIA, Calif. – California finance officials are taking greener steps to battle climate change blamed by many for the state’s chronic, devastating wildfires.

“We know that our wildfires are becoming faster, they’re becoming more intense”, said California Treasurer John Chiang who signed the Green Bond Pledge on Tuesday, “we need to make sure we come up with the proper financing to build infrastructure so that Californians can protect themselves.”

Read more (includes a video): https://www.keyt.com/news/environment/california-first-to-sign-green-bond-pledge-to-fight-climate-change/778927009

Your money matters – remember to give generously so Californian politicians can finance large climate projects on your behalf, assuming you have any spare cash after paying your green electricity bill.

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August 11, 2018 3:00 pm

The denizens of California deserve to have their tax dollars spent on stupidity. They, after all, voted for these nut jobs.

tom s
August 11, 2018 6:38 pm

How’s he “fighting” it? Good grief. Direct the money elsewhere you effing leftist idiot!

whiten
August 12, 2018 3:30 am

It is a shame to see Cal fall so low, a State that supposed to have a very strong and very good economy.

These days many undeveloped countries with their economies hunging on the ropes, can not get much of any loans ( debt) unless priory accepting report findings that claim most of the problems are due to climate change, and even any loan amount assessed only after a change in the legislation to accommodate and secure future green projects, is achieved and put in place.
And the loans are managed usually by a selected board of green devotees.

These days many such countries, due to their very weak economies. and pure desperation for funds for development accept, with no much choice, such debt (loan) conditions.

It really is a shame to see a once shining economy, like that of California to have dropped so badly to such a low….. really a shame.

cheers

wharfplank
August 12, 2018 9:14 am

My son lives in San Diego and is paying ,45 cents k/h. Nice.

Johann Wundersamer
August 15, 2018 4:17 pm

“SANTA MARIA, Calif. – California finance officials are taking greener steps to battle climate change blamed by many for the state’s chronic, devastating wildfires.”

Are there still “more greener” steps left for Californian finance officials. Let it be.