Phillips 66 closing its LA Harbor-area refinery; more than 600 jobs at stake

[1srelluc]

MSN

The oil company Phillips 66 announced Wednesday that it is closing its Los Angeles-area refinery by the end of 2025, pointing to concerns about the future market.

The announcement comes days after California Gov. Gavin Newsom signed a new law on Monday that will set new regulations on the oil industry in the Golden State...

...The company's Los Angeles-area refinery accounts for about 8% of the state's refining capacity, according to the California Energy Commission...



Whoo! That's really going to help those CA gas prices.

Couldn't happen to a better state.

In late August, Chevron announced they were leaving.

Chevron leaving Kalifornia

Chevron CEO Mike Wirth said the company differs from California on energy policy and regulation, leading it to depart from its California home of more than 140 years.

"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 told the Wall Street Journal.

 

[Rambunctious]

Newsom and the dems are killing CA....

 

[1srelluc]

Newsom and the dems are killing CA....

At least Chevron told Newsome "You can go to Hell, I'm goin' to Texas"......None of that reimaging BS.

 

[Rambunctious]

This is Newsom's latest huge mistake... this will raise the price at the pump and keep it there...
Democrats!!!! there is no gouging going on.... the costs are high because of you!!!! because of stupid shit like this....

Governor Newsom signs legislation to prevent gas price spikes and save Californians money | Governor of California

www.gov.ca.gov

 

[Captain John Baron]

Lashier said his company’s departure offers “an opportunity” to generate new economic development in the area, a sentiment echoed by L.A. City Councilman Tim McOskar, whose district includes Harbor City, Harbor Gateway, San Pedro, Watts, and Wilmington.

“The closure of a major refinery in Los Angeles is significant,” McOskar said in a statement. “This action marks the end of one story in Wilmington’s industrial era but opens the door to exciting opportunities for new jobs, improved air quality, and innovative economic benefits in the years to come.”

The Associated Press contributed to this report..

MSN

The oil company Phillips 66 announced Wednesday that it is closing its Los Angeles-area refinery by the end of 2025, pointing to concerns about the future market.

The announcement comes days after California Gov. Gavin Newsom signed a new law on Monday that will set new regulations on the oil industry in the Golden State...

...The company's Los Angeles-area refinery accounts for about 8% of the state's refining capacity, according to the California Energy Commission...



Whoo! That's really going to help those CA gas prices.

Couldn't happen to a better state.

In late August, Chevron announced they were leaving.

Chevron leaving Kalifornia

Chevron CEO Mike Wirth said the company differs from California on energy policy and regulation, leading it to depart from its California home of more than 140 years.

"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 told the Wall Street Journal.

Phillips 66 did not directly address the legislation, or Newsom, an outspoken critic of the oil industry, in its announcement. However, a spokesperson said the recent legislative action was “not a factor” in the company’s decision to shutter the nearly century-old refinery.

“Phillips 66 has been a valuable partner in California’s transition toward a clean energy future,” California Energy Commission Vice Chair Siva Gunda said in a statement to KTLA 5 News. “The company has committed to minimizing impacts on Californians while they continue to meet fuel demands, maintain reliable supplies, and ensure they take necessary steps to fulfill both commercial and customer needs.”

 

[Leo123]

MSN

The oil company Phillips 66 announced Wednesday that it is closing its Los Angeles-area refinery by the end of 2025, pointing to concerns about the future market.

The announcement comes days after California Gov. Gavin Newsom signed a new law on Monday that will set new regulations on the oil industry in the Golden State...

...The company's Los Angeles-area refinery accounts for about 8% of the state's refining capacity, according to the California Energy Commission...



Whoo! That's really going to help those CA gas prices.

Couldn't happen to a better state.

In late August, Chevron announced they were leaving.

Chevron leaving Kalifornia

Chevron CEO Mike Wirth said the company differs from California on energy policy and regulation, leading it to depart from its California home of more than 140 years.

"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 told the Wall Street Journal.

Newscum strikes again.

 

[Leo123]

Lashier said his company’s departure offers “an opportunity” to generate new economic development in the area, a sentiment echoed by L.A. City Councilman Tim McOskar, whose district includes Harbor City, Harbor Gateway, San Pedro, Watts, and Wilmington.

“The closure of a major refinery in Los Angeles is significant,” McOskar said in a statement. “This action marks the end of one story in Wilmington’s industrial era but opens the door to exciting opportunities for new jobs, improved air quality, and innovative economic benefits in the years to come.”

The Associated Press contributed to this report..


Phillips 66 did not directly address the legislation, or Newsom, an outspoken critic of the oil industry, in its announcement. However, a spokesperson said the recent legislative action was “not a factor” in the company’s decision to shutter the nearly century-old refinery.

“Phillips 66 has been a valuable partner in California’s transition toward a clean energy future,” California Energy Commission Vice Chair Siva Gunda said in a statement to KTLA 5 News. “The company has committed to minimizing impacts on Californians while they continue to meet fuel demands, maintain reliable supplies, and ensure they take necessary steps to fulfill both commercial and customer needs.”

Yeah Philips has to do that because of tyrannical environmental regulations supported by Newscum.

 

[elektra]

Newsom and the dems are killing CA....

His name is, Newscum

 

[Captain Caveman]

Lashier said his company’s departure offers “an opportunity” to generate new economic development in the area, a sentiment echoed by L.A. City Councilman Tim McOskar, whose district includes Harbor City, Harbor Gateway, San Pedro, Watts, and Wilmington.

“The closure of a major refinery in Los Angeles is significant,” McOskar said in a statement. “This action marks the end of one story in Wilmington’s industrial era but opens the door to exciting opportunities for new jobs, improved air quality, and innovative economic benefits in the years to come.”

The Associated Press contributed to this report..


Phillips 66 did not directly address the legislation, or Newsom, an outspoken critic of the oil industry, in its announcement. However, a spokesperson said the recent legislative action was “not a factor” in the company’s decision to shutter the nearly century-old refinery.

“Phillips 66 has been a valuable partner in California’s transition toward a clean energy future,” California Energy Commission Vice Chair Siva Gunda said in a statement to KTLA 5 News. “The company has committed to minimizing impacts on Californians while they continue to meet fuel demands, maintain reliable supplies, and ensure they take necessary steps to fulfill both commercial and customer needs.”

That's just the company being very diplomatic.