Poseidon Resources, a profit-hungry corporation with a record of failure is looking for authorization to issue half a billion dollars in tax exempt bonds to build a privately-owned desalination plant in Carlsbad. With its track record of harmful and wasteful projects, it’s disgraceful for this company to ask us for tax exempt bonds.

Say NO to these subsidies today!

On Wednesday, Poseidon Resources’ application to issue over a half a billion dollars in tax exempt bonds for their wasteful and environmentally harmful desalination plant in Carlsbad will be heard by a committee made up of Governor Schwarzenegger, Treasurer Lockyer and Controller Chiang. Take action to stop this massive subsidy!

We know there are better solutions to balancing our freshwater demand and supply. In fact, the best solutions will improve our coastal and marine environment – not kill marine life, waste energy and exacerbate the rate of climate change.

Ocean desalination should be a “last resort” after all lower cost and more environmentally beneficial alternatives are implemented.
Government financial assistance should NOT go towards projects that undermine the State’s environmental policies and goals.

Take Action TODAY by telling the voting members of the California Debt Limit Allocation Committee (CDLAC) — Governor Schwarzenegger, Treasurer Lockyer, and Controller Chiang — not to allow Poseidon Resources to issue $530 million in tax-exempt bonds for their private desalination plant in Carlsbad. CLICK HERE TO SEND A LETTER