California Democrats Allegedly Rushing To Find Buyer For Refinery After Driving Owner Away
California’s Rush to Maintain Oil Refineries California Democrats appear eager to secure buyers for refineries that are slated to close by 2026, as reported by Reuters. The California Energy Commission (CEC) is actively seeking buyers to prevent future refinery suspensions. Sources from Valero’s Benicia refinery, who wish to remain anonymous, shared insights on the matter […]
Newsom calls for new oil refinery mandate in California
Sacramento — Gov. Gavin Newsom on Thursday called on the California Legislature to pass new requirements for oil refiners in the final two weeks of the legislative session, in the latest episode in his political battle with Big Oil companies. Newsom's last-minute proposal, according to his office, would allow his administration to require oil refiners […]
California City To Receive Huge Payout From Chevron In Exchange For Dropping Refinery Tax
A California city reached a settlement with Chevron Corp. on Thursday that will see the company stop taxing it in exchange for paying hundreds of millions of dollars, according to Reuters. Chevron has agreed to pay Richmond, California, $550 million over 10 years, but the city will halt a ballot measure that would have allowed […]