Gov. Schwarzenegger lashes out at oil industry

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Proposition 23, the initiative that would suspend California's greenhouse gas laws, is not about saving jobs. It is about greed, said California Governor Arnold Schwarzenegger.

Speaking at a Commonwealth Club event in Santa Clara, the governor lashed out at the companies--particularly Valero, Koch Industries and Tesoro--trying to get rid of the state's carbon regulation law, known as AB 32.

"This is a corruption of the democratic process," he said. "Texas oil companies have descended upon California to overturn a California law. There is a struggle playing out right here in California that the world does not know much about."

The effort is similar to the conspiracy hatched among oil companies in the 1920s to get rid of light rail systems. Then, the companies bought up the easements for light rail systems in 45 cities and then systematically dismantled them.

"Today, Valero and Tesoro are in a conspiracy. Not in a criminal conspiracy, but a cynical one about self-serving greed," he said. "Does anyone think in their black oil company hearts that they want to create jobs?
 

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