The California Assembly passed a bill that would oblige state utilities to get a third of their energy from renewable sources by 2020. It is one of the most aggressive standards in the world. The Senate passed the legislation in February, and Governor Brown is expected to sign the bill.
U.S. President Barack Obama announced a fresh commitment from five major companies, including FedEx (FDX.N) and United Parcel Service (UPS.N), to reduce oil consumption by upgrading their fleets. The effort is part of Obama's newly announced goal of reducing U.S. imports of foreign oil by one-third by 2025.
"Fleets, which are typically centrally managed and comprised of a large number of vehicles, offer significant opportunities to reduce fuel use and carbon pollution," the White House statement said.