Striking terror in their moneyed hearts, a "well-financed coalition of right-wing ideologues, out-of-state oil and gas companies and climate-change skeptics is seeking to effectively kill that law." They are contributing big bucks to ensure the passage of Prop 23 which would kill AB 32 and California's dreams for reducing emissions of carbon dioxide and greenhouse gasses by 80 percent by the middle of the century.
Among the contributors to the $8.2 million Prop 23 lobbying effort are Charles and David Koch, who have forked over the obscene amount of $1 million, and two Texas based oil giants, Tesoro and Valcero. The Koch brothers are worried, "partly about damage to the bottom line at Koch Industries, and also because they believe that climate change is a left-wing hoax."
They have argued that the law will lead to higher energy costs and job losses, arguments that resonate with many voters in a state with a 12.4 percent unemployment rate. But this overlooks the enormous increase in investments in clean energy technologies — and the jobs associated with them — since the law was passed.-----
The Kochs and their allies are disastrously wrong about the science, which shows that man-made emissions are largely responsible for global warming, and wrong about the economics. AB 32’s many friends — led by Gov. Arnold Schwarzenegger of California — have therefore mounted a spirited counterattack in defense of the law.-----
Who wins if this law is repudiated? The Koch brothers, maybe, but the biggest winners will be the Chinese, who are already moving briskly ahead in the clean technology race. And the losers? The people of California, surely. But the biggest loser will be the planet. (emphasis mine)The American people who fear big government should be far more afraid of these giant oil industries and mega corporations. They do not care one stitch for the welfare of the United States or for the American citizens or, for that matter, the planet. Their only loyalty is to unlimited amounts of green but not the kind you find in clean energy.
The following information is provided by Hoovers.
Valero Energy Corporation: Named after the Alamo (the Mission San Antonio de Valero), the company is the largest independent oil refiner in the US. Valero refines low-cost residual oil and heavy crude into cleaner-burning, higher-margin products, including low-sulfur diesels. Ranks # 26 by Fortune 500. 2009 Sales (Mil): $68,144.0
Tesoro Corporations: Produces gasoline, jet fuel, diesel fuel, fuel oil, liquid asphalt, and other fuel products. Ranks # 139 by Fortune 500. 2009 Sales (mil) : $16,872.0
Koch Industries, Inc.: "A Kansas-based conglomerate that operates oil refineries in several states and is the company behind brands including Brawny paper towels, Dixie cups, Georgia-Pacific lumber, Lycra fibers and Stainmaster carpet. Forbes ranks Koch Industries as the second-largest privately held company in the U.S. — and the Koch brothers themselves? They're worth billions." (NPR)