Californians cannot afford another experiment with deregulation. When the legislature, under Governor Wilson, deregulated the power industry, we turned our trust over to the likes of Enron, and Californians were literally left in the dark while the deregulated industry manipulated black outs to increase their profits. More recently, Congress deregulated the banking industry and as a result, thousands of Californians lost their homes and jobs as Wall Street ran roughshod over working families. And we all remember picking up the tab for the deregulation of the savings and loan industry.
For more than 40 years, California’s environmental safety laws, known as CEQA, have been a firewall for California communities, protecting our environment and work places from big corporations and developers trying to make a quick profit at the expense of the health and safety of our communities. Among the strongest environmental protection laws in the nation, now these landmark laws are at risk of being gutted by big corporations and developers whose first priority is making money.
We’ve seen this playbook before, efforts by big corporations and developers and their hired guns to eliminate important safeguards with no regard to the serious risk it will bring to our communities and increasingly limited natural resources.
California cannot afford to roll the dice again, when it comes to this type of self-serving deregulation.