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$350 million in public subsidies that the Metropolitan Water District awarded Poseidon Resources last November wasn't enough for the profit-hungry corporation with a record of failure. Poseidon is now looking for authorization to issue half a billion dollars in tax-exempt bonds to build a privately-owned desalination plant in Carlsbad. Poseidon has a failed track record on desalination, but this hasn't stopped them from asking California for massive tax subsidies to support their project. Say no to these subsidies today!
Next Wednesday, January 27, voting members of the California Debt Limit Allocation Committee (CDLAC) -- Governor Schwarzenegger, Treasurer Lockyer, and Controller Chiang -- will decide whether or not to allow Poseidon Resources to issue $530 million in tax-exempt bonds for their private desalination plant in Carlsbad.
If this sounds familiar, that's because a couple months ago we sent you an email asking you to take action by sending an email to the members of CDLAC. Hundreds of Food & Water Watch supporters emailed CDLAC, but the meeting was rescheduled for Wednesday, January 27. Will you call Controller Chiang and remind him not to approve Poseidon Resources' application to issue $530 million in tax-exempt bonds for their private desalination plant in Carlsbad?
Poseidon's only other major desalination attempt, in 1999 in Tampa Bay, Florida, was a complete failure and is now owned by a public utility. At the same time, it doesn't make sense to support this energy-intensive project that will increase greenhouse emmissions when water conservation and water reuse initiatives have not yet been exhausted.
Sincerely, Corie Lopez and the California Water Team Food & Water Watch
Food & Water Watch is a non-profit organization working with grassroots organizations around the world to create an economically and environmentally viable future. Through research, public and policymaker education, media, and lobbying, we advocate policies that guarantee safe, wholesome food produced in a humane and sustainable manner and public, rather than private, control of water resources including oceans, rivers, and groundwater. For more information, visit www.foodandwaterwatch.org.