Valero vs. C(r)ap & Trade
Valero Energy is fighting back against C(r)ap & Trade. The sign you see here is being posted at their gas stations around the country. They also have a web page set up called Voices for Energy, urging people to contact legislators in opposing this energy tax. My Fox- Houston had the story:
“It’s definitely unprecedented for Valero,” said company spokesman Bill Day. “We’ve never done something like this before. But this particular issue is so important and this particular piece of legislation is so demonstratably bad that we did take the lead on this.”
Day says the bill pending before Congress holds refiners solely responsible for their product’s carbon footprint.
“So when you and I and everybody else drives their car, the manufacturer of the fuel in that car is the one responsible for the carbon emissions, not the owner of the car, not the driver.”
Valero estimates the company could be on the hook for $6 billion in carbon allowances every year, which is more than the company made in its most profitable year.
Of course, they balanced the story with the POV of the radical enviro nut:
“They’re not worried about this cost to their business,” said Matthew Tejada, executive director of GHASP (Galveston-Houston Association for Smog Prevention).
“They’re worried about the fact that they know they’re going to pass that (cost) on to the consumer and that’s going to drive the consumer even more quickly to get away from oil.”
Tejada takes umbrage at Valero’s claim that Cap and Trade legislation would make “no measurable improvement on global climate change,” as stated on the website.
“If somebody doesn’t want Cap and Trade and they aren’t offering a more viable solution,” said Tejada, “what they’re really saying is ‘we don’t want to deal with greenhouse gases, we don’t want to deal with global warming.’”
To see Fox Houston’s corresponding video report, click HERE.
Cross-posted at Conservatives with Attitude!
