4/8/2010

Valero has donated $500,000 to a petition drive intended to suspend implementation of California's climate law, which requires the state to reduce carbon emissions by 15% by 2020. The petition would put the climate initiative up for vote in the November general election, and prevent the law from taking effect until California's unemployment rate falls to 5.5% for four consecutive quarters. The current unemployment rate is 12.5%. Tesoro, another Texas oil company, is among those also funding the ballot initiative.

Full Story:
NYTimes.com

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