Yes, California’s Anti-Fossil-Fuel Policies Are Pushing Oil Refineries Away
by Linnea Lueken Oct 22, 2024
A recent article posted by The Epoch Times, “Phillips 66 to Close Los Angeles Oil Refinery,” explains how Phillips 66 is shutting down one of its refineries in response to uncertainty and “market dynamics;” uncertain dynamics created by the state’s climate and energy policies. [emphasis, links added]
This is true.
California’s government is actively hostile toward anything related to oil and gas, so refineries shutting down should not come as a surprise.
Epoch reports that “Phillips 66 said on Oct. 16 that it plans to shut down its refinery in the Los Angeles area of California in the fourth quarter of 2025.”
CEO Mark Lashier released a statement explaining that uncertainty and “market dynamics” affected their confidence in the long-term “sustainability” of the plant and were responsible for Phillips 66 choosing the site for closure.
https://climatechangedispatch.com/yes-californias-anti-fossil-fuel-policies-are-pushing-oil-refineries-away/