Tag Archives: oil companies

Futurewise Urges a No Vote on Initiative 1053

Initiative 1053 is an initiative sponsored by Tim Eyman and backed by  corporate funding from oil companies like BP and Conoco Phillips and banks like Bank of America, Wells Fargo and US Bank. It is special interest legislation trying to give a minority of 1/3 of the State Legislators supporting these corporate interests veto power over the majority of Legislators. It is undemocratic and unconstitutional. Yet that doesn’t stop these special interests from trying to pull a fast one on Washington voters.

Many statewide organizations are opposing Initiative 1053. Futurewise has joined the Coalition against Initiative 1053 as have other environmental groups like the Washington Conservation Voters and the Cascade Chapter of the Sierra Club. Futurewise describes itself as  “a statewide public interest group working to promote healthy communities and cities while protecting farmland, forests and shorelines today and for future generations.” It recently celebrated its 20th anniversary of working.

Futurewise provides the following reason for their opposition to Initiative 1053:

Tim Eyman’s Initiative 1053 would institute minority rule in Washington state, empowering one-third (plus one) of the members of either the state House or Senate to prevent the majority from closing tax loopholes or raising new revenues.  BP, Conoco Philips, and Tesoro are some of the top funders behind I-1053. For the past two years, the statewide Environmental Community of which Futurewise is a member, has prioritized the Clean Water Act of 2010 – a $100 million investment in clean water infrastructure through either a fee or tax on polluters. If I-1053 passes, it will be even more difficult to make polluters like petroleum companies pay to clean up their messes. Futurewise encourages you to Vote NO I-1053.

I think Futurewise is understating the impact of I-1053 on our ability to enact legislation requiring polluters to pay for cleaning up waste hazards caused by the use of their products. The Legislature earlier this year was unable to pass legislation by a simple majority to require polluters like the oil companies to pay for cleaning up stormwater runoff caused by oil and other toxic chemicals.  Initiative 1053 would allow 1/3 of the members of either the House or the Senate to block such legislation. I think it would make it not just more difficult but almost impossible to pass such legislation under these circumstances.

Futurewise is also urging a No vote on Initiative 1107 pushed by the beverage industry to repeal taxes on pop and candy, They are urging a YES vote on Referendum 52 to fund rehabbing schools for energy efficiency and a YES vote on  Initiative 1098 for raising revenues for education and health care by taxing the top 1.2% of taxpayers on their income.

McCain – Palin Drill Team Marching to Beat of Oil Drums

One of the obscenities of the recent Republican Convention was the chanting of “Drill Baby Drill.” Obscured by the novelty of a new dancing Republican puppet in the form of the previously nationally unknown Governor of Alaska, John McCain shamelessly continued to promote more of the antiquarian Bush Era perversion of drilling and ignoring the perilous future of being tied to oil, both national and international.

Continuing the oil economy drains American capital from being reinvested in our own country in alternative renewable energy. It continues to tie our future national economy to a ecologically dangerous fossil fuel industry. It promotes an industry that is profit motivated only and not concerned about American energy security or the impacts on consumer’s pocketbooks.

“Drill Baby Drill” should raise the hair on the back of any independence loving American because of its backward looking vision that obscures the future of the world in a haze of global warming gases. It ignores the need for the nation and the world to change their profligate burning of carbon based fuels. It is like trying to promote the use of manual typewriters in the computer age.

John McCain lacks vision in his support of the oil economy. He is a man so desperate to win the Presidency that he has thrown common sense out the window and is pandering to the least of our nation’s sensibilities and wasting precious time and resources needed to move to a post oil economy.

“Drill Baby Drill ” says John McCain is not really serious about attacking global warming. Just as his pandering proposal to drop the gas tax this summer was a shortsighted attempt to appeal to irrationality for votes, the idea that drilling for oil in America is some type of energy solution for the future is pandering to the lowest common denominator of selfishness and greed of the oil companies.

Our nation needs to come up with practical real solutions to find a mix of environmentally sound energy policies that also reinvest in America and American jobs rather than sending money to the Middle East and other countries so they can come back and buy up America.

The New York Times in a recent editorial entitled “John McCain’s Energy Follies” noted that “increasing oil production remains the centerpiece of his strategy” They stress that “a nation that uses one-quarter of the world’s oil while owning only 3 percent of its reserves cannot drill its way to happiness or self- sufficiency.”

Will McCain really make any effort to make a transition to a post carbon energy economy that emphasizes wind, solar, geothermal or energy efficiency?

We’ve all heard many campaign promises from candidates, broken once they are elected. For McCain it is possible to determine what he will do on energy not based on promises but on his past actions or inactions. That unfortunately does not bode well for a reasoned and enlightened change in America’s energy policies if McCain is elected President.

The record shows that John McCain missed critical votes for renewable energy while he was running for President. If you think John McCain is going to support renewable energy in any serious way consider the following written by Thomas Friedman for the New York Times. In a commentary entitled, Eight Strikes and You’re Out“,

” …on July 30, that the Senate was voting for the eighth time in the past year on a broad, vitally important bill — S. 3335 — that would have extended the investment tax credits for installing solar energy and the production tax credits for building wind turbines and other energy-efficiency systems.

Both the wind and solar industries depend on these credits — which expire in December — to scale their businesses and become competitive with coal, oil and natural gas. Unlike offshore drilling, these credits could have an immediate impact on America’s energy profile.

Senator McCain did not show up for the crucial vote on July 30, and the renewable energy bill was defeated for the eighth time. In fact, John McCain has a perfect record on this renewable energy legislation. He has missed all eight votes over the last year — which effectively counts as a no vote each time. Once, he was even in the Senate and wouldn’t leave his office to vote.”

Actions speak louder than any words. It would be a mistake to count on John McCain leading us to a renewable energy future. “Drill Baby Drill” and free market economics seem to be his political philosophy. The free market economy has been great for the giant oil corporations in America but a disaster for energy independence and lessening global warming impacts. Voting for McCain would be a vote for continuing things as they are. Now is the time when we need to change to a post carbon energy future. McCain isn’t going to do that.

McCain and Clinton Pandering to Voters

Give Barack Obama credit for the straight talk, not John McCain or Hillary Clinton. Obama has refused to climb aboard the crazy train of his opponents in both parties suggesting that cutting the Federal tax on gasoline this summer makes sense. It doesn’t.

Gasoline usage is price sensitive. Cutting the cost for the summer by suspending the Federal tax of 18.4 cents will not lower the price because the same fixed amount will be available and oil companies will merely raise the price to take advantage of customer demand. Any decrease in prices will be very short term.

The oil companies have no qualms about raising prices. They continue to rake in record profits at the expense of American car and truck users. Republicans in Congress, and President Bush with his threatened veto power, continue to support the oil companies making record profits at the expense of the American economy and American consumers.

And the bulk of the profits raked in don’t even go for producing more oil or alternative energy. For example, as Yahoo.news reports:

“Exxon posted record earnings of $40.6 billion in 2007, with revenue higher than the gross domestic profit of Turkey, the world’s 17th-largest economy….
The company has been criticized by some analysts and investors for laying back on capital spending while going full bore on share buybacks.
Exxon spent $31.8 billion to buy back shares in 2007 while shelling out $20.9 billion for capital expenditures.”

Exxon Mobil reported today that they raked in another $10.89 billion in first quarter profits this year.

So American consumers are shelling out their cash so that companies like Exxon can but back their stock. It’s absurd. At least Hillary Clinton proposes that the oil companies be hit with an excess profits tax to pay for her proposed summer tax cut. John McCain does not even support that and says he would cut elsewhere.

Democrats tried to pass legislation to end special subsidies to oil companies but Republicans held fast and stopped legislation passing. Democrats wanted the subsidies to go for funding alternative energy programs like wind and solar, which would help to reduce global warming impacts from carbon fuels. Instead we are left with no approval of existing incentives for solar and wind energy which expire at the end of this year.

And where was John McCain when votes were taking place to pass an energy policy to reduce dependence on carbon fuels and reduce global warming. AWOL – see excellent article by Grist on McCain’s missed votes in Congress, rightly pointing out McCain’s professed concern about climate change action is more hot air than anything else.

see also
Dumb as we Wanna Be – New York Times
The Gas-Guzzler Gambit – New York Times editorial
Summer Fuel-ishness – Seattle Times editorial
Clinton Gas Tax Proposal Criticized – Washington Post