California Cap-and-Trade Funds Proposed for Infrastructure Bank

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A Metrolink commuter train pulls into Union Station as taxi cabs wait... News PhotoCalifornia,City,City Of Los Angeles,Commuter,Economy,Finance,General View,Horizontal,North America,Pulling,Taxi,The Americas,Tourism,Tourist,Train - Vehicle,USA,Union Station - Los Angeles,WaitingPhotographer Collection: Bloomberg 2013 BloombergA Metrolink commuter train pulls into Union Station as taxi cabs wait outside in Los Angeles, California, U.S., on Thursday, March 14, 2013. California should start a state-run bank to finance economic development that’s less polluting and more environmentally friendly, financed by auctions of greenhouse-gas carbon credits, Lieutenant Governor Gavin Newsom said. Photographer: Patrick T. Fallon/Bloomberg via Getty Images