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Texas Oil Companies Funding California Ballot Initiative

Texas Oil Companies Funding California Ballot Initiative

Texas oil companies donating big money to put an initiative on California’s November ballot that would repeal Global Warming Solutions Act (AB 32, 2006) which reduces greenhouse gas (GHG) emissions. The initiative is titled the “California Jobs Initiative,” and supporters claim the Act will cost jobs. The San Diego News Network (SDNN) reported that according to campaign finance disclosures filed in March, nearly 90 percent of all funds were contributed from oil companies, with over 70 percent from Texas-based oil companies.

Sierra Club said on its website that Texas oil companies, Valero and Tesoro are responsible for 16.7 percent of reported GHG emissions in California. The Contra Costa Times reported that Chevron and Shell do not plan on contributing to the initiative.

The Global Warming Solutions Act requires oil refineries, manufacturers, cement plants, utilities among others to begin reducing GHG emissions in 2012. It is the first economy-wide cap on emissions in U.S., and requires California to reduce emissions to 1990 levels by 2020, about 30 percent from levels projected if there were no regulations.

The California Air Resources Board (CARB) is charged with implementing the Global Warming Solutions Act. CARB estimates that the Act will promote investments in clean technology and reduce the state’s overall fuel expenses $3.8 billion by 2020.

CARB approved a Scoping Plan to implement the Global Warming Solutions Act. According to CARB analysis, the Scoping Plan “contains measures designed to reduce greenhouse gas emissions by increasing the efficiency with which California uses all forms of energy and by reducing its dependence on the fossil fuels that produce greenhouse gases.”

Furthermore, CARB’s analysis states that implementing the Scoping Plan will not “adversely affecting the growth of California’s economy over the next decade, especially as the state recovers from the current economic downturn.”

Scoping Plan provides a number of approaches to implement the Global Warming Solutions Act, including:

  • Expanding and strengthening existing energy-efficiency programs as well as the standards which apply to buildings and appliances
  • Achieving a statewide renewable-energy contribution of 33 percent
  • Developing a California cap-and-trade program that links with other Western
  • Climate Initiative partner programs to create a regional market system
  • Establishing targets for transportation-related GHG emissions for regions throughout California, and pursuing policies and incentives to achieve those targets
  • Adopting and implementing measures that were already in progress, including
  • California’s clean-car standards, goods-movement measures, and Low Carbon Fuel Standard

If the Scoping Plan is not implemented, California’s economy would grow at an annual average rate of 2.4 percent, and fuel expenditures would increase at an annual rate of 1.7 percent. However, if the Scoping Plan is implemented, the economic growth rate would still be 2.4 percent, but fuel expenditures would be reduced 4.9 percent. GHG emissions would also be reduced by 15 percent.

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38 comments

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9:24PM PDT on Oct 28, 2013

Thank you.

9:22PM PDT on Oct 28, 2013

Thank you.

9:20PM PDT on Oct 28, 2013

Thank you.

9:19PM PDT on Oct 28, 2013

Thank you.

9:18PM PDT on Oct 28, 2013

Thank you.

3:28AM PDT on Jun 28, 2010

Thanks

10:27AM PDT on May 5, 2010

Fuel
Planting only 6 percent of the continental United States with biomass crops such as hemp would supply all current domestic demands for oil and gas.
Did you know the average American spends 33 of 40 working hours to support their need for energy? It's true; 80 percent of the total monetary living expense for everything we do is ultimately wrapped up in energy costs; from the energy it takes to make the food we eat, to fuel for the cars we drive, to the manufacturing, storage and transportation of the products we buy. And 80 percent of solid and airborne pollution in our environment can be blamed on fossil energy sources. It is estimated that America has already exhausted 80 percent of its fossil fuel reserves.
Industrial hemp is the number one biomass producer on earth, meaning an actual contender for an economically competitive, clean burning fuel. Hemp has four times the biomass and cellulose potential and eight times the methanol potential of its closest competing crop - corn. Burning coal and oil are the greatest sources of acid rain; biomass fuels burn clean and contain no sulphur and produce no ash during combustion. The cycle of growing and burning biomass crops keeps the world s carbon dioxide level at perfect equilibrium, which means that we are less likely to experience the global climactic changes (greenhouse effect) brought about by excess carbon dioxide and water vapors after burning fossil fuels.

GOOGLE HEMP, GO TO WIKIPIDIA

8:20AM PDT on Apr 15, 2010

Just another reason (as if we didn't already have enough) to push forward legislation that would require shareholder approval for any and all money spent to influence government regulations and laws by corporations MUST be approved by the shareholders !!!!!!!!

1:00PM PDT on Apr 12, 2010

thnx

12:23PM PDT on Apr 11, 2010

I used to think "why speak up" I am one person...my voice does not count...but now I believe...one person...networking with another person is the most powerful voice in the world. I agree with Marc...keep the pressure constant...if you cannot exterminate the Moles try "filling the holes"

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