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Renewable Fuels

All articles tagged with #renewable fuels

energy-policy1 year ago•1 min saved

Chevron Executive Warns of California's Risky Climate Policies

Chevron's refining division head warns that California's policies discouraging petroleum production, such as low-carbon fuel standards and proposals to establish maximum refining margins, are driving up gasoline prices for consumers and making it difficult for the company to justify growth projects at its California refineries. The state's push for renewable fuels has led to a significant reduction in refining capacity, raising concerns about potential reliability issues in the future.

via Seeking Alpha|

#california #chevron #energy-policy

energy-environment1 year ago•4 min saved

Chevron Warns of California's Risky Climate Policy Game

Chevron warns that California's climate policies risk causing gasoline price spikes and shortages, with the state's tough low-carbon fuel standards encouraging refineries to convert from petroleum to renewable diesel, reducing gasoline supply and pushing up prices. Governor Gavin Newsom's office blames oil companies for price spikes, while Chevron denies allegations of price gouging and argues it should not be punished for meeting consumer demand for transportation fuels. The state's push for renewable fuels has led to refinery conversions and an 11% reduction in California's refining capacity over the past decade, raising concerns about potential reliability problems and the state's reliance on imported fuel in case of supply disruptions.

via Yahoo Finance|

#california #chevron #climate-policies