In a deal brokered by the city’s newly commissioned Citizens Environmental Task Force, Exxon/Mobil, owners of the Exxon/Mobil Refinery in the City of Torrance agreed today to fund a bond that will make low cost financing of solar energy systems for home and apartment owners. The loans for solar power, authorized under California’s AB 811, are added as assessments to a homeowner’s property tax bills and are passed on to the new owner if a home is sold.
Without Exxon Mobil’s funding of the financing bonds the program would not have had the money to offer loans in Torrance. The city had no money in the budget to make the program possible and no plans to find any in the midst of the on-going economic crisis. But Exxon/Mobil had no such money problems. “We’ve had one record profit quarter after another,” said a spokesperson for the oil company.
“We are so cash rich at the moment that we’re spending money all over the place while everyone else is forced to cut back. We know carbon taxes are coming and we won’t always be floating in a sea of profits we made at your expense. So it seemed only logical that we give a little back to a community we’ve released an awful lot of carbon in. Hell, that entire property our refinery’s on will probably be a superfund site after they force us to stop producing our fossil fuels.“
Continue reading ➞ Exxon/Mobil To Fund Solar Financing Bond For Torrance Homeowners
For more than a year now in this blog I’ve been researching and reporting on climate change, energy and transportation issues and related environmental stories covering them on both a personal and a global perspective. I haven’t been breaking any hard news, I’ve just been spreading the news that doesn’t get enough attention and adding my take on top of it for the majority of my readers who don’t have the time to dig as deep as I do.
I have to admit I’ve shared a pretty dire world view when it comes to the current and coming impacts of climate change.
That’s what happens when you start each morning reading blog’s like Joseph Romm’s Climate Progress and following the work of Dr. James Hansen and the United Nations International Panel on Climate Change.
But during this same past year, I’ve also been attending the meetings of the South Bay Cities Green Task Force.
I’m there as one of the only independent citizens – and of course as the Creative Greenius, but I’m mostly there because I’m an aspiring policy wonk and I eat the content of these meetings up. The truth is, I’m unabashedly fascinated by and truly interested in the work they’re doing. And the work they’re doing brings California’s leading edge fight against global warming right into my neighborhood and into my home. It is, as the cliche puts it, where the rubber meets the road, and the road is the street I live on.
Continue reading ➞ Inside The Green Task Force