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, June 15, 2010
Is deepwater drilling "100% safe?" asks Rep. Gonzalez from Texas. Three of the four executives admit the undeniable fact–"no"–except for John Watson from Chevron. Calling his company’s drilling procedures "safe", Watson refuses to engage with Rep. Gonzalez, declining to answer yes or no. Several Democratic members have echoed this type of questioning–getting the executives to [...]
Continue reading...Tuesday, June 15, 2010
In a scene most evocative of the infamous Big Tobacco hearing in 1994 when tobacco executives lined up and testified under oath that nicotine was not addictive, the oil executives have responded disappointingly to a series of questions about climate change by Rep. Inslee. Inslee asked the executives to go down the line and respond, [...]
Continue reading...Tuesday, June 15, 2010
Shoulda Coulda Woulda by Khan "What would you have done to prevent the spill?" seems to be a prevalent theme in the questions from committee members thus far. Rep. Waxman probes enough to produce specific problems with BP’s well that the other executives assert would not exist if they were in charge–"casing design", for [...]
Continue reading...Monday, May 17, 2010
5-17-10 by dugan So how much oil is really spilling into the Gulf of Mexico from BP’s exploded and sunk oil platform? 5,000 barrels a day (210,000 gallons) is the mainstream figure, issued by the government weeks ago after some hasty guesses. Scientists now think it’s many times that amount, but BP won’t even [...]
Continue reading...Tuesday, December 8, 2009
12-8-09 by dugan On the other fossil fuel front, Sen. Robert Byrd, the coal industry’s best ally in Washington for decades, is standing up against its current scare campaign in West Virginia, and its demand to continue "mountaintop removal" mining. The EPA has held up new permits for this destructive and polluting form of coal [...]
Continue reading...Tuesday, July 21, 2009
7-21-09 by dugan Is it hot out? Well, so’s your gasoline. You’re losing a few cents a gallon each time you fill up at the pump. And no, with today’s insulated underground tanks, you can’t get cooler fuel in the morning. You just have to pay, while the dealer and oil companies reap [...]
Continue reading...Tuesday, May 26, 2009
05-26-09 by dugan 05-27 update: The NRDC has agreed to remove itself from the "advisory committee" for the pro-oil sands study described below and and denounce or at least dispute the study’s findings. An e-mail sent this morning by an NRDC attorney said: "Just to let you know that NRDC is off the Advisory Committee [...]
Continue reading...Monday, April 27, 2009
04-27-08 by dugan A retail fuel industry publication sent out this story today, making every argument it could think of against Costco’s agreement to sell gasoline that is adjusted for temperature so motorists get the same energy from every gallon they buy. If Costco is only going to do this in a handful of states, [...]
Continue reading...Monday, April 20, 2009
04-20-09 by dugan The biofuel industry was robbed by the California Air Resources Board, says a letter today from scientists at the Sandia National Laboratories. The biofuels industry has been crying foul since the California Air Resources Board put out a study ranking current biofuels as equal to or maybe worse than petroleum in their [...]
Continue reading...Tuesday, March 17, 2009
Consumer Group Letters Charge Conflict of Interest in Oil-Friendly Outcome of California Fuel Temperature Study Gov. Schwarzenegger, Assembly Speaker Bass Asked for Action to Protect Consumer Fairness Santa Monica, CA — Consumer Watchdog has filed a state complaint that a conflict of interest affected the outcome of the California Energy Commission’s study on the costs [...]
Continue reading...Wednesday, March 11, 2009
Documents Show Political Appointees Interfered With Cal. Energy Commission Study Of Hot Fuel Ripoff To Protect Oil Companies Consumer Group Says Government Staff’s Consumer-Oriented Findings Were Altered by Commissioners With Ties to Oil Industry Santa Monica, CA — Public documents retrieved by Consumer Watchdog reveal that, after private meetings with oil industry representatives, some of [...]
Continue reading...
Monday, October 18, 2010
1 Comment