Dan Bacher, THE DAILY KOS
Billionaires and corporate agribusiness fund Water Bond campaign
The California Fair Political Practices Commission (FPPC) revealed on October 17 that Aera Energy LLC, a company jointly owned by affiliates of Shell and ExxonMobil, has contributed $250,000 to the Yes on Proposition 1 and 2 campaign.
The total of money donated by top contributors for Governor Brown Prop. 1 and 2 campaign has risen to $8,026,015 to date, according to the FPPC.
Aera Energy LLC is one of California’s largest oil and gas producers, accounting for nearly 25 percent of the state’s production, according to the company’s website.
“Formed in June 1997 and jointly owned by affiliates of Shell and ExxonMobil, we are operated as a stand-alone company through our own board of managers,” the website stated.
“We are industry leaders that specialize in tapping heavy oil and other unconventional light reservoirs. With headquarters in Bakersfield, most of our production is centered in the San Joaquin Valley. We also have oil field operations in Ventura and Monterey counties. Aera produces about 131,000 barrels of oil and 36 million cubic feet of natural gas each day and has proved oil and gas reserves equivalent to approximately 712 million barrels of oil,” the website said.
Opponents of Proposition 1 say Governor Jerry Brown’s $7.5 billion water bond is an expensive and unfair taxpayer giveaway to special interests, including Big Oil and Big Ag, that won’t solve the drought or help secure California’s water future. They see the latest contribution as one of many by powerful corporate interests to pay for slick campaign ads to trick the voters into approving the controversial measure.
The Con argument in the California Progressive Voter Guide states: “It allocates over $3.6 billion, without oversight by the legislature, to build dams and pay for water transfers for corporate agribusiness. Prop 1 with interest will cost CA taxpayers $14.4 billion or $360 million per year for 40 years out of our State’s general fund, money that could be used for other needs like education and healthcare.”
Read more via Big Oil Company Donates $250,000 to Yes on Prop. 1 campaign.