Two Texas-based oil companies have reportedly pledged up to $2 million to buy signatures for a ballot initiative to suspend California’s landmark global warming law.
Yet neither has the guts to admit to it. With good reason. They know California’s voters would reject out of state polluters trying to buy their way onto the ballot. Valero Energy Corp and Tesoro Corp appear to be the sole funders so far. (Read more from the New York Times and the Sacramento Bee.)
It figures. The four California refineries operated by these companies emit more pollution responsible for global warming than any other single facility in the state. Valero was named one of the worst polluters in the U.S. (See http://www.peri.umass.edu/Toxic-100-Table.265.0.html.) This deceptive initiative would kill hundreds of thousands of jobs and chill billions of dollars of investment in a clean energy and other green tech jobs in California.
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