It’s not a surprise that some Texas oil companies are funding efforts to roll back California’s efforts to solve the climate crisis.
According to The New York Times:
“Several Texas oil companies are bankrolling a petition drive to suspend California’s path-breaking climate change law in a move that may prove a bellwether for national efforts to address global warming.”
“The Valero Energy Corporation, a San Antonio-based company that is one of the nation’s largest independent oil refiners and retailers, has contributed $500,000 to a ballot initiative that would halt the carrying out of the California climate law known as Assembly Bill 32, which Gov. Arnold Schwarzenegger, a Republican, signed in 2006. At least one other Texas oil company, Tesoro, with operations in California and a prominent antitax group are helping to finance the petition drive to place the initiative on the November general election ballot.”
“The California law, the first of its kind in the nation, is intended to reduce emissions of climate-altering gases by 15 percent below current levels by 2020 through a variety of means, including a regional cap-and-trade system. The bill also calls for greater efficiencies in buildings and transportation, more use of renewable sources of energy and greater reliance on clean-burning fuels. These are all major elements of climate change proposals now being discussed in Washington.”
At every level, legislation to solve the climate crisis is being opposed by those with a vested financial interest in the burning of fossil fuels. Not only can we beat them in states like California, but also by passing comprehensive clean energy and green jobs legislation in the Unites States Senate.