California Loses One More Company to Texas, as Chevron Flees the Once “Golden State”

  • 📰 LegInsurrection
  • ⏱ Reading Time:
  • 39 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 22%
  • Publisher: 95%

California News

Texas

California's climate change lawsuit targeting fossil fuel companies added extra fuel to the relocation fire.

that firm would also relocate headquarters to Texas. This time, his decision was based on the state enacting woke legislation depriving parents of basic rights over their children.Chevron has been headquartered in California for over 140 years. It had strong roots in this state.Chevron will be relocatingThe move announced Friday will end the company’s 145 years of being based in the most populous US state.

California, especially the area around the city of Richmond, is poised to lose the taxes from over 7,000 employees as well as the business revenues it collected from Chevron.the benefits of being a business-friendly environment in a state which is has a more positive outlook on big energy companies and less liberty-crushing laws.

The 7,000 employees also supported a vast network of restaurants, stores, schools, and other facilities. I can’t wait to see what the next California budget projection will be.to the relocation fire. “We believe California has a number of policies that raise costs, that hurt consumers, that discourage investment and ultimately we think that’s not good for the economy in California and for consumers,” Wirth said in an interview.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in BUSİNESS

Business Business Latest News, Business Business Headlines