Valero, the Texas-based oil giant, continues to prove one thing: oil is dirty. The latest evidence spewing from its smoke stacks? Behind closed doors, Valero's company practices are just as dirty and threatening as the smoggy skies and health concerns courtesy of its fossil fuel emissions. While the company has been cited as one of the nation's top polluters, its CEO William Klesse was recently named to CNBC Mad Money's 'Wall of Shame', making it all the more obvious that this apple doesn't fall far from the tree. But as if that wasn't bad enough, the company then rewarded Klesse with a "64 percent raise" making his pay check a heafty $10.9 million a year.
Valero also reported a "27 percent increase in retail profit for the first quarter of 2010". But don't expect the company to use that revenue to clean up its act. Instead, it will continue to dirty our environment, pumping the extra green into funding the initiative to suspend, (aka kill), AB 32, the state's clean energy law.
This out of state oil giant doesn't have California's best interest in mind, instead its goal has been to buy your signature in order to secure our dependence on fossil fuels. This week, it appears to have succeeded in getting this misguided proposition on the ballot. It has done so by duping Californians into thinking that killing AB32 will somehow contribute to the economic health of California.
The fact is, killing AB 32 will "kill hundreds of thousands of jobs and chill billions of dollars of new green investment in California" and benefit no one but these dirty energy companies and their slimy special interests. It reminds me a time, just under ten years ago, when another Texas-based energy company, swindled the people of California. Enron took the state for billions, and what Valero, Tesoro, and other Lone Star state interests are doing now, is a play from the same book.
Everything may be "bigger in Texas" but let's show Valero how it's done in California. With AB 32 our state can emerge as a national leader in both environmental protection and economic growth. We are the Golden State and let's make sure we don't let a little dirt cover up our chance for a healthy and shining future.