California is sitting on a $600 million pile of unclaimed nickel and dime deposits on recyclable cans and bottles and now wants to give some of that back to consumers.
To get the state's nearly 40 million residents to recycle more and send more deposits back to them, Gov. Gavin Newsom's administration unveiled a plan Friday to temporarily double to a dime the refund for a 12-ounce bottle or can. California already pays 10 cents on containers over 24 ounces , and that would temporarily double to 20 cents.
The advocacy group Consumer Watchdog's President Jamie Court, a frequent critic of the recycling program, called the plan"a very positive step" and"a bold proposal to give people their money back." California's doubling of refunds would be temporary - a duration for the change has yet to be decided - and is expected to cost $100 million. If approved by the Legislature the refund increase would take effect sometime during the next fiscal year that starts July 1.
Another $55 million would go for state-funded mobile recycling programs in rural areas and other places with few recycling options.
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Over $600 million stolen from video game in second-largest crypto hackHackers managed to steal about $612 million worth of assets from a cryptocurrency exchange network for Axie Infinity, one of the most popular online video games.
Read more »
California Has $600M In Unclaimed Can, Bottle Deposits; Newsom Looks To Increase PayoutsCalifornia is sitting on a $600 million pile of unclaimed nickel and dime deposits on recyclable cans and bottles and now wants to give some of that back to consumers.
Read more »
California has $600M in unclaimed can, bottle depositsGov. Gavin Newsom’s administration is proposing to temporarily double California’s typical nickel refunds for bottles and cans to boost recycling
Read more »
AXS Key Metrics Overview Following Ronin Network’s Bridge Exploit | CoinMarketCap.intotheblock takes us on a deep dive into what is happening with Axie Infinity after last week's $600 million Ronin Bridge exploit 🤭 👇
Read more »
Ronin replaces compromised validators and plans to ‘bolster’ securityRonin replaces compromised validators and plans to ‘bolster’ security after $600 million hack (via _vishalchawla)
Read more »
Over $600 million stolen from video game in second-largest crypto hackHackers managed to steal about $612 million worth of assets from a cryptocurrency exchange network for Axie Infinity, one of the most popular online video games.
Read more »