California is losing another corporation to a more business-friendly state.
Chevron Oil is leaving the business-hostile state to Houston, Texas. They are blaming misguided radical liberal policies of the state government for the move.
SFGate posted:
“Houston is home to our largest U.S. employee base (approximately 7,000),” Stuart wrote in a statement. “Texas offers a business-friendly environment, a more affordable cost of living, and better proximity to key counterparts in the service sector, our industry and academia.”
Environmentalists have long blamed Chevron for contributing to climate change and pollution in California. In June, the Richmond City Council greenlighted a ballot measure that, if voters approve it, would add $1 of tax to each barrel of raw material processed at Chevron’s huge refinery there.
The Bay Area Council, a business-sponsored advocacy group, took Chevron’s announced headquarters move as a chance to blast California’s elected leaders.
“Chasing jobs and employers out of California is no way to run the economy,” Jim Wunderman, president of the group, wrote in a statement. “It’s an embarrassment for California that we’ve lost so many global companies because of misguided policies that make it incredibly difficult to do business here.”
Elon Musk’s SpaceX and X also recently announced plans to move their corporate headquarters from California to Texas, after building themselves into corporate giants on the West Coast.
Chevron’s ties with California run particularly deep. The company traces its history back to Pacific Coast Oil Co., which was founded in 1879 in San Francisco and joined another firm to create a California subsidiary of Standard Oil. That company found its first oil gusher in 1910 in Kern County, according to Chevron’s website, and grew its refinement and harvesting capabilities over the ensuing decades.
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