Thursday, March 18, 2010

Big Oil Is Trying to Kill California’s Climate Change Law

By Robert Gammon
Thu, Mar 18, 2010 at 10:38 AM

Two Texas oil companies, Valero and Tesoro, which both operate Bay Area refineries, are financing a statewide ballot initiative that would roll back California’s historic climate-change law. According to the CoCo Times, the big-oil backed initiative also would cripple the state’s green-energy industry.

Backers of the initiative, which also include anti-tax groups, say the state’s climate-change law, which requires increased use of renewable energy to lessen greenhouse gas emissions, is harming the economy. The state’s law, however, also hurts the business of big oil companies because it requires increased fuel-efficiency for cars and trucks.

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