Environmental Record
The Political Economy Research Institute ranks Valero 28th among those corporations that emit airborne pollutants in the United States. The ranking is based on both the quantity (3.4 million pounds in 2005) and the toxicity of the emissions.
Valero was the biggest financial backer of the failed 2010 California Proposition 23, and contributed more than $4 million by August 2010. Had it passed, Proposition 23 would have delayed action on greenhouse gas emissions in the state of California, by delaying current implementation of the California's Global Warming Solutions Act of 2006 until the state attained an unemployment rate of 5.5% for one full year. Critics argued that because that had happened only three times over the last 40 years, the proposition would have had the practical effect of repealing the law.
Valero owns two oil refineries in California. The Benicia Refinery is located on the Carquinez Strait, a tributary of the San Francisco Bay. The Wilmington Refinery is located 23 miles (37 km) south of downtown Los Angeles.
Read more about this topic: Valero Energy Corporation
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