Dan Richard, the chair of the California High Speed Rail Authority, is a man in the middle. The middle of court fights, the middle of political fights, the middle of a fight over California’s future. “The rest of the developed world has moved energetically to adopt high-speed rail. We will too,” Richard says. He may be right.
OPINION: So, while the program is certainly generating revenue for the state, is it working? Eighteen months in, it appears the answer is yes. Firms affected by the requirements say that they are paying attention to it, that they believe it’s here to stay, and that it’s prompted them to look at ways to reduce emissions. In recent interviews with cement industry stakeholders we learned that companies are factoring the carbon price into their analysis of investment opportunities.