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Steven Maviglio
Is Valero Behind CMTA's "Junk Economics" Study?
Now that the Legislative Analyst's Office has ridiculed the "Varshney study" http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2010/03/18/BAPS1CI26G.DTL, the cornerstone of the polluter's AB 32's job loss and cost arguments, Valero and the oil industry are back with more junk economics.
This morning, the California Manufacturers and Technology Association (CMTA) will hold a press event touting a new oil industry-funded "study" about the impacts of pollution-reducing legislation from the right-wing Pacific Research Institute.
This political event comes days after CMTA endorsed the polluter's deceptive job-killing ballot proposition being funded by Texas oil companies -- despite opposition to the Valero initiative from the state's leading employers, including Google, eBay, and Waste Management (even the CMTA members the California Chamber of Commerce and Chevron are not supporting it!).
In any case, here a few things you should know about this oil industry propaganda and its backers.
Numerous independent studies show that AB 32 is generating a new clean tech economy for California and will create 112,000 - 403,000 new jobs by 2020. Last week, more than 6,000 attendees and 350 companies jammed the Sacramento convention center for the Green Technology expo.
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