TV News LIES

Tuesday, May 26th

Last update07:44:05 PM GMT

You are here News Environment Bid to suspend California global-warming law gets $1 million from Koch brothers' firm

Bid to suspend California global-warming law gets $1 million from Koch brothers' firm

E-mail Print PDF

Koch Brothers The fight over a November ballot initiative to suspend California's global warming law has escalated sharply with the Koch brothers, oil billionaires and "tea party" backers, making a million-dollar entry into the fray.

The contribution to the campaign for Proposition 23 came Thursday from a subsidiary of Wichita, Kan.-based Koch Industries, the nation's second-largest private company (after the agribusiness giant Cargill). A spokeswoman for the subsidiary, Flint Hills Resources, said the company "may consider additional support." The Kochs' company has estimated annual revenues of $100 billion, owns refineries in Alaska, Texas and Minnesota, and controls about 4,000 miles of oil pipelines.

California's global warming law, known as AB 32, is designed to cut the state's emission of greenhouse gases to 1990 levels by the end of this decade. A significant chunk of the reductions would come through regulations aimed at fostering alternative fuels and generating electricity from solar, wind and other alternative energy sources.

The ballot measure would suspend the global warming law until the state's unemployment rate dropped below 5.5%, a level achieved only three times in the last three decades. Until now, the measure has been largely financed by two Texas-based companies, Valero Energy Corp. and Tesoro Corp., which operate refineries in Wilmington and in Northern California.

More...


Most Recent Related Stories...


Oil company bosses' bonuses linked to $1tn spending on extracting fossil fuels

Oil company bonusesBosses at the world’s big five oil companies have been showered with bonus payouts linked to...

Woman chains herself to Shell ship in protest at Arctic oil exploration

Portesting shell oil rigThe coast guard says it has no plans to remove a woman who has chained herself...

12 people missing in Texas floods, authorities say

Texas floodsAuthorities say a dozen people are missing after flash flooding along the Blanco River in Central...

Texas, Oklahoma Hit By Severe Flooding, At Least 1 Dead

Texas, Oklahoma floodingA mandatory evacuation has been issued for residents in an area north of Houston because authorities...
 
America's # 1 Enemy
Tee Shirt
& Help Support TvNewsLIES.org!
TVNL Tee Shirt
 
TVNL TOTE BAG
Conserve our Planet
& Help Support TvNewsLIES.org!
 
Get your 9/11 & Media
Deception Dollars
& Help Support TvNewsLIES.org!
 
The Loaded Deck
The First & the Best!
The Media & Bush Admin Exposed!