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Chevron Slams Gavin Newsom's 'Disastrous' Energy Policy, Flags 'Serious Risks' To California's Economy And Jobs
Chevron has criticized proposed changes to California’s Cap-and-Invest program, warning that stricter emissions regulations could destabilize the energy sector, lead to job losses, and increase fuel prices in the state. The company, which has operated in California for over a century, fears the new rules could cause refinery closures and make California dependent on imported energy. Chevron President Andy Walz specifically stated that these policies could eliminate all refining in California and raise gasoline prices significantly.