TV News LIES

Friday, Mar 27th

Last update02:14:08 AM 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...


EPA regulations face new test at high court

EPA regulations challengedThe Environmental Protection Agency’s regulatory power faces another key test at the Supreme Court Wednesday, when...

Study: Gulf Stream slower than ever before

Gulf stream slower than ever beforeThe Gulf Stream is the weakest it's been in the last 1,000 years. And as glacier...

Climate denial is immoral, says head of US Episcopal church

Climate denial immoralThe highest ranking woman in the Anglican communion has said climate denial is a “blind” and...

Climate change: China official warns of 'huge impact'

China climate changeClimate change could have a "huge impact" on China, reducing crop yields and harming the environment,...
 
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!