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Gavin Newsom: “We could have redirected 56 to $58 billion. Not to…”

Featuring: Gavin Newsom, Democratic | Governor of California

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Governor Newsom announces new savings for California car buyers and major clean energy milestone

Published | Video Starts at 33:30

And I think the same would be true of the Cap and Invest program that we, we had to right size it, figure out how to make this work. That's why the rebates were important to me. We didn't have to do that. We could have redirected 56 to $58 billion. Not to consumers. We chose to address the issue of cost as a priority in the Cap and Invest program. And so we started to make those kind of adjustments. And those adjustments obviously were advanced and codified by their resources board. (33:30–33:43)

CLAIM

Asserts that $56 to $58 billion could have been redirected but was prioritized for cost issues in the Cap and Invest program.

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.


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