Update on Spending on Prop 23

From the New York Times today:

At the start of the campaign for California’s Proposition 23, the ballot measure that would suspend the state’s global warming law, opponents darkly warned that the Texas oil companies backing the initiative would spend as much as $50 million to win the election.

But with three weeks until Election Day, it is the No on 23 coalition of environmentalists, investors and Silicon Valley technology companies that is raking in the cash, taking in nearly twice as much money as the Yes on 23 campaign.

As of Monday, the No on 23 forces had raised $16.3 million to the Yes campaign’s $8.9 million, according to California Secretary of State records. Over the past two weeks, nearly $7 million has flowed into No campaign coffers while contributions to the Yes effort had fallen off dramatically.

Read the entire story here.

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