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Mar 13, 2014
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Mar 12, 2014

Chevron warns California carbon rules will make gasoline too costly

NEW YORK, March 12 (Reuters) – Pending California carbon
regulations could make it too expensive to operate refineries in
the most populous U.S. state, drastically increasing gasoline
prices and costing thousands of jobs, a senior Chevron Corp
executive said.

The No. 2 U.S. oil company, which runs California’s two
largest refineries, believes a bill first passed in 2006 and
being introduced in phases, would hurt the state’s economy and
have little impact on climate change, Michael Wirth, who
oversees Chevron’s refining and chemical businesses, said in an
interview on Tuesday.

Mar 12, 2014
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