While skirmishes in Libya and uncertainty in the Middlie East are nice cover for outrageous gasoline prices, the fact is the same old suspects are making a killing from sky-high gas prices approaching $4 dollars per gallon in California: big oil companies and greedy speculators.
Continue reading...Tuesday, December 7, 2010
We've reported about what's wrong in the secrecy around BP's payments to Kenneth Feinberg and his law firm, which is doling out compensation for BP's devastating oil spill in the Gulf. Monday, though, the Center for Justice and Democracy got deep into the guts of the matter.
Continue reading...Thursday, December 2, 2010
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?
Continue reading...Tuesday, November 16, 2010
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.
Continue reading...Tuesday, October 26, 2010
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.
Continue reading...Tuesday, October 26, 2010
The charitable interpretation of Kenneth Feinberg's keynote speech Wednesday for the Chamber of Commerce Institute for Legal Reform is that the BP compensations fund administrator is deaf to the implications. When Feinberg opens his mouth, he'll be validating a powerful and viciously anti-consumer organization whose parent, the Chamber, is deeply involved in pro-corporate politics.
Continue reading...Tuesday, October 26, 2010
Washington, DC -- Consumer Watchdog asked President Obama to force BP Fund Administrator Kenneth Feinberg to withdraw from a keynote address Wednesday at a Chamber of Commerce group dedicated to eviscerating spill victims’ legal rights, and to fire Feinberg if he refuses.
Continue reading...Thursday, October 21, 2010
The Koch brothers, with their $55 billion net worth backing a politics of destruction and greed, are bad enough alone. But they’re also coordinators of a web of corporate and media powers on the far right, as revealed this week by the Center for American Progress. (Link is to Truthout, which has a more readable [...]
Continue reading...Monday, October 18, 2010
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.
Continue reading...Wednesday, October 13, 2010
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.
Continue reading...Tuesday, October 12, 2010
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.
Continue reading...Thursday, September 23, 2010
There’s a name that’s becoming as ubiquitous in dirty oil politics as Coke cans are in greasy spoons. And it’s pronounced like the soft drink, but spelled Koch. Koch-heads now on the radar include Carly Fiorina, the Tea Party and Proposition 23.
Continue reading...Thursday, September 16, 2010
It’s amazing how oil companies stay so completely on message. The American Petroleum Institute, the oil industry mouthpiece, is pushing the same deceptive “jobs, jobs, jobs” message as the Texas oil companies backing Proposition 23 on the California ballot. Both are saying that any shift toward greener energy that costs the oil industry a dime [...]
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Tuesday, March 8, 2011
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