Archive | Tag: greed

Blog Post

The wee island nation of Fiji managed Wednesday to back down a California-owned company and extract a fee of 8 US cents per liter on Fiji Water. The state of California can’t even manage to back down Big Oil and charge a few cents a gallon on oil pumped out of its public lands. Jerry Brown, are you listening?

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News Clipping

The panel named by President Obama to investigate the BP Deepwater Horizon blowout on Tuesday rejected a call by a consumer activist group for the resignation of its chief counsel, Fred H. Bartlit Jr. The group, Consumer Watchdog, said that the panel should dismiss Mr. Bartlit because his law firm, Bartlit Beck Herman Palenchar & Scott, once represented Halliburton, one of the companies involved in drilling the BP well.

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Blog Post

The Texas oil money behind Proposition 23 is widely known by now. But there’s been less publicity about Big Oil–specifically Chevron–putting $4 million into passing Propostion 26, according to a nifty interactive chart just released by OilChange International.

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Blog Post

Anyone who thinks BP’s big new promise to put safety before profit should read or watch the ProPublica/Frontline investigation of BP’s wretched safety history. (The Frontline documentary airs Tuesday). It’s the story of a corporation that for years cut costs to fuel growth above all, viewed safety as a waste of money and baldly lied to regulators.

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Press Release

Consumer Group Calls On Pension Funds to Divest From Prop 23 Backers Tesoro, Valero

Santa Monica, CA – Consumer advocates revealed an investor slide presentation by Texas-based oil company Tesoro explaining that oil refiners keep gasoline supplies especially tight on the West Coast to keep profits high through higher pump prices. The slides were included in a letter from Consumer Watchdog to California’s large public pension funds, known as CalPERS and CalSTRS, calling on the funds to divest from Tesoro and another refiner, Valero, which are the chief sponsors of Proposition 23 on the November ballot. The Investment Committee of CalPERS is meeting in Long Beach today.

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Press Release

New York, NY — A national consumer group is running a 30 second commercial on a Times Square Superscreen that challenges Koch Industries, “the largest oil company you’ve never heard of,” for its record of environmental degradation, political influence, Tea Party funding and climate change denial.

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Press Release

Top Prop 23 Funder Doesn’t Want Greentech Competition To Get in Way of Profiteering

Santa Monica, CA – A new report by Consumer Watchdog’s OilWatchdog.org project finds that Valero Energy reaped over $4.5 billion in refining profit while gouging California motorists since it bought its second California refinery in 2002. The oil refining giant, which is also the largest funder of Proposition 23, averaged 37% higher margins on each barrel of oil it refined in California than at refineries it owns elsewhere in the country, according to data published in company financial reports.

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