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US oil giant abandons California after 150 years over ‘harsh’ green policies

MIDLAND, TEXAS – MARCH 11: Oil pumpjacks work in the Permian Basin oil field on March 11, 2022 in Midland, Texas. United States President Joe Biden imposed a ban on Russian oil, the world’s third-largest oil producer, which may mean that oil producers in the Permian Basin will need to pump more oil to meet demand. The Permian Basin is the largest petroleum-producing basin in the United States. (Photo by Joe Raedle/Getty Images)

From NOT A LOT OF PEOPLE KNOW THAT

By Paul Homewood

h/t Philip Bratby

How long will it be before BP and Shell follow suit, and leave the UK?

One of America’s biggest oil companies is to abandon its headquarters in California amid a backlash against “harsh” green policies.

Chevron on Friday said it would relocate to Houston, Texas, breaking a historic association with the Golden State that stretches back to the 1870s.

Chevron’s decision follows repeated warnings from bosses that stringent environmental regulations and other moves by the Californian government had made doing business there too difficult.

It is the latest oil company to walk away from the state, while other employers such as Elon Musk’s SpaceX have also relocated following rows with state authorities about new legislation.

https://www.telegraph.co.uk/business/2024/08/02/oil-giant-abandons-california-150-years-harsh-green-policy

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