TSwizzle
I am unburdened by what has been.
IOW they have been ostentatiously flaunting their disregard for state law ever since they bought the plants, and the resulting fines and suits are getting more expensive than one last billion dollar hit for breach of contract. You feel, I suppose, that it is worth overlooking a few lawsThe fifth (or is it fourth) largest economy in the world has chased Valero out of California
California just lost another giant, and this one came with a billion-dollar receipt. Valero Energy is reportedly taking a staggering $1 billion loss to shut down and exit California by April 2026 rather than comply with the ever-expanding mandates pushed by Governor Gavin Newsom and his regulatory agencies. Let that sink in. One of the largest energy companies in the country looked at Sacramento’s rules, did the math, and decided it was cheaper to walk away than play along. This is not a market failure. It is a policy failure. Valero’s billion-dollar exit should be a five-alarm fire for California Democrats, but don’t expect a course correction. Newsom and his allies remain committed to doubling down, even as refineries close, prices climb, and jobs vanish. Ideology comes first. Reality comes later.
News
Newsom should definitely run for president.
What laws are you talking about?
if it keeps one or two more billionaires in the state?
lol, that facility is one of the biggest employers in the area. When the billionaires get tired of abusive taxes and leave, who's going to pay for all the free shit that is handed out? How do you suppose Newsom will brag about being the fourth/fifth largest economy in the world!!!111!!! if these companies leave the state?