Politics: Oil companies force anti-green initiative on California’s ballot
- This initiative sponsored by greedy Texas oil companies would cripple California’s fastest-growing economic sector, reverse our renewable energy policy and decimate our environmental progress for the benefit of these oil companies’ profit margins. … I will not allow this to happen on my watch.
- California Gov. Arnold Schwarzenegger • Reacting with disgust about the addition of a ballot initiative which would limit a global warming bill from getting enacted until the unemployment rate, currently at 12 percent in the state, was at 5.5 percent for at least a year. Which is total crap, because the bill’s designed to create new kinds of jobs. Who’s behind the initative? Texas oil giants Valero Energy Inc. and Tesoro Corp. That’s right. Big oil is trying to make a global warming initiative go away. They’ve spent $3 million on it and have painted it as an “energy tax.” Which isn’t what the bill is at all. Unbelievable. source