Chevron Says California Plays a Risky Game With Climate and Gasoline
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Chevron Corp. warns its home state of California’s climate policies are a “dangerous game” that risk causing gasoline price spikes and shortages.
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Published Jan 27, 2024 • 4 minute read
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(Bloomberg) — Chevron Corp. warns its home state of California’s climate policies are a “dangerous game” that risk causing gasoline price spikes and shortages.
The premium California drivers pay for gasoline over the national average is likely to rise significantly if state legislators continue enacting policies to discourage petroleum production, Andy Walz, who leads the oil giant’s US refining division, said in an interview. While the state has the highest penetration of electric vehicles, it’s still the country’s second-largest consumer of gasoline.
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Bloomberg News
2024-01-27 10:21:15
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