Proposition 23 would delay implementing California’s landmark law aimed at reducing greenhouse gas emissions until the state’s unemployment rate falls to 5.5 percent or below for four consecutive quarters. Notoriously, two Texas oil companies have put up much of the funding for the initiative. But Dan Morain suggests in last Sunday’s Sacramento Bee that Big Oil may have given up on the project. A recent Field poll showed the initiative down 45 to 34 percent.

From Morain’s column:

Heading into the final two weeks before the Nov. 2 election, the main funders, Texas-based Valero and Tesoro oil companies, seem to have concluded it makes no sense to throw more of their oil-stained millions at the bad idea.

Yes-on-23 strategist Rick Claussen told me last week that there would be no final push unless backers came through with $10 million fast. The week came and went without an infusion.

KQED’s Craig Miller writes about the latest in pro and anti Proposition 23 funding in a Climate Watch post today. The post includes a map of the top funders for both sides of the campaign.

Author

Jon Brooks

Jon Brooks is the host and editor of KQED’s health and technology blog, Future of You. He is the former editor of KQED’s daily news blog, News Fix. A veteran blogger, he previously worked for Yahoo! in various news writing and editing roles. He was also the editor of EconomyBeat.org, which documented user-generated content about the financial crisis and recession. Jon is also a playwright whose work has been produced in San Francisco, New York, Italy, and around the U.S. He has written about film for his own blog and studied film at Boston University. He has an MFA in Creative Writing from Brooklyn College.

Sponsored by

Become a KQED sponsor