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Valero a key player in California climate change initiative


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By Rick Daysog, Sacramento Bee

Valero Energy Corp. CEO Bill Klesse once jokingly suggested oil industry executives should fight global warming by holding their breath. Now, his company has emerged as a major force behind the November ballot measure to suspend California’s climate change law.

valeroSince its start as a small Texas gasoline maker more than 30 years ago, Valero has grown into the nation’s No. 1 independent oil refiner and a big player in Washington, D.C. The company also is spearheading the oil industry’s campaign against the now-stalled federal cap-and-trade legislation.

Fresh from its victory in Congress, Valero, which operates refineries in Benicia and Wilmington, has spent $4 million on the campaign for Proposition 23, which would suspend California’s climate change law.

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Comments (2)
  1. doubleblack says - Posted: September 28, 2010

    Nothing like a propaganda piece disguised as a news story.
    Instead of buying some our oil from Mexico, which certainly benefits our southern neighbor, let’s buy all our oil from our friends in the middle east.
    And we all know the governator doesn’t use jet planes anymore when he commutes from LA to Sacramento.

  2. h says - Posted: September 28, 2010

    our friends in the middle east.

    “GET REAL- WE HAVE NO FRIENDS”

    The U.S.A. Crapped on the entire world and we pay for it at the pump and with foreign help abroad.