Chevron executive believes California is in 'a state of emergency'
KCRA • • general
Key Points:
- Chevron official Andy Walz warns that California's proposed update to the "cap and invest" program could impose billions in costs on in-state fuel producers, potentially leading to refinery closures and major job losses.
- The California Air Resources Board plans to tighten emissions limits and reduce pollution credits, aiming to extend the clean air program by 20 years to meet state climate goals, with public comments accepted through March 9.
- Walz highlights concerns about increased reliance on foreign oil imports amid geopolitical tensions in the Middle East, emphasizing national security risks due to California's 32 military bases.
- The Air Resources Board defends the proposal as the most cost-effective way to achieve climate targets, projecting $180.7 billion in statewide benefits over 20 years,
