California State $10-billion climate bond

California certainly is a progressive state when it comes to the environment and climate change. One item that reinforces that thought is this Los Angeles Times article, $10-billion climate bond will go before voters in November

The financial wisdom is something I’m not qualified to determine. It “appears to me” that perhaps they are paying a bit much for the benefit that the bond measure will provide. And, there could be some “double dipping” by energy companies benefiting from both federal and state funds.

Especially troubling to me is the statement that aid to those most impacted by disasters (low income) will not see what the bill and bonding measure first proposed. And, sea rise prevention and mitigation are perhaps like throwing money down a rathole. People who own property that close to the coast likely have plenty of money and they are only trying to protect their investment and their pleasure of living close to the ocean. I say let people in Malibu personally deal with the impacts of deciding where they wanted to live.