{"id":546244,"date":"2010-04-28T13:21:39","date_gmt":"2010-04-28T17:21:39","guid":{"rendered":"http:\/\/blogs.edf.org\/californiadream\/?p=175"},"modified":"2010-04-28T13:21:39","modified_gmt":"2010-04-28T17:21:39","slug":"valeros-dirty-profits","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/546244","title":{"rendered":"Valero’s Dirty Profits"},"content":{"rendered":"

It\u2019s earnings time in the corporate world and guess what? Texas-based oil refiner Valero Energy yesterday reported a 27 percent increase in retail profit<\/a> for the first quarter of 2010 and gave its CEO a 64 percent raise<\/a> to $10.9 million a year. Valero\u2019s announcement has special resonance for California fans of clean air, California jobs, and American energy independence. There\u2019s a big clean energy showdown taking place here in California, and Valero is right in the dirty middle of it.<\/p>\n

Valero\u2014one of the worst polluters<\/a> in the country-is the largest funder to date in a political campaign to reverse decades of California environmental leadership and keep our air dirty. It's paying to gather signatures for a November ballot proposition that would \u201csuspend\u201d California\u2019s clean energy and climate policy (AB 32) until the state\u2019s unemployment drops to levels seen just three times in 30 years \u2013 a good definition of \u201cwhen the cows come home.\u201d<\/p>\n

Rather than directing its profits into cleaning up the pollution from its refineries, Valero is pumping them into this Dirty Energy Proposition.<\/p>\n

Big Oil\u2019s morally repugnant initiative comes at a crucial moment. Thanks to AB 32 and similar clean energy policy, California leads the nation in policies that link protecting our environment to growing our economy. Far from threatening jobs, as the oil companies charge, AB 32 promises to create a flood of new jobs in America\u2019s largest and growing clean energy economy<\/a>. A clean energy future scares the\u00a0daylight out of polluters, which is whey they\u2019re fighting it tooth and nail.<\/p>\n

\u201cSuspending\u201d AB 32 until the cows come home would kill hundreds of thousands of jobs and chill billions of dollars of new green investment in California. According to the non-partisan, independent state Legislative Analyst\u2019s Office, the suspension of AB 32 could: \u201cdelay\u2026longer-run savings, dampen\u2026investments in\u2026green jobs by private firms, [and] result in less economic activity than would otherwise be the case.\u201d<\/p>\n

Big Texas oil companies are blowing cigar smoke in our faces \u2013 trying to buy votes in November to reverse the tide of history so they can keep polluting our air. If Big Oil can buy a win in California, it can bulldoze progress wherever it wants.<\/p>\n

We can\u2019t underestimate these special interests and the millions of dollars of profits they are funneling into California to roll back progress. Here in the Golden State, Job One is to prove not only that California is the national leader in growing its economy by protecting its environment, but also that Californians<\/em> will stand up for their economic future in the voting booth. To do that, we must get the truth out to Californians. Please visit the campaign\u2019s website<\/a>, get the tools you need and get involved.<\/p>\n

\n<\/img><\/a> <\/img><\/a> <\/img><\/a> <\/img><\/a> <\/img><\/a>\n<\/div>\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

It\u2019s earnings time in the corporate world and guess what? Texas-based oil refiner Valero Energy yesterday reported a 27 percent increase in retail profit for the first quarter of 2010 and gave its CEO a 64 percent raise to $10.9 million a year. Valero\u2019s announcement has special resonance for California fans of clean air, California […]<\/p>\n","protected":false},"author":4273,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-546244","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/546244","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/4273"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=546244"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/546244\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=546244"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=546244"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=546244"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}