Oil tax California costliest initiative

Proposition 87 would tax companies drilling for oil in state until $4 billion accumulated; money would promote alternate fuels

Samantha Young & Noaki Schwartz

Associated Press Writers

In any other year, a $60 million opposition campaign fueled by a deep-pockets industry would almost certainly spell doom for a California ballot initiative. But the infusion of $40 million by a Hollywood producer has given environmentalists pushing Proposition 87, an oil-production tax, plenty of f....

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Gore promoting initiative

October poll finds 44% in favor

Oil companies pay 5th highest taxes in country