Monday, April 19, 2010

The Corporate Assault on the Environment

By Robert Gammon
Mon, Apr 19, 2010 at 9:42 AM

Pacific Gas & Electric Company has poured another $6 million into its controversial June ballot measure that critics say will block the expansion of renewable energy statewide, according to Capitol Weekly. The utility, which is worried about losing market share if more communities jump into the public power market, has now pumped $34.5 million into Proposition 16. Opponents, by contrast, have raised just $36,000.

In addition, oil companies and conservative activists have raised another $1 million for a November initiative that would indefinitely suspend California’s landmark climate-change law, the LA Times reports. Occidental Petroleum, the state's second-largest oil producer, donated $300,000 to the campaign last week. The initiative's other big funders are Texas oil refiners Valero Energy ($500,000) and Tesoro Corporation ($200,000). Both also operate gas stations in California.

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