"Senate Bill 237, published shortly after 7 a.m. Wednesday, calls for instituting some recent recommendations made by the California Energy Commission in the wake of pending closures of two major oil refineries in the state. Phillips 66 last fall announced plans to shut down its twin refineries in Carson and Wilmington by the end of 2025. In April of this year, Valero gave notice it will shut down operations at its refinery in the Northern California city of Benicia by 2026."
"The Valero and Phillips 66 facilities combine to account for roughly 18% of the state's crude oil capacity, raising concerns that the closures will strain supplies of the specially blended gasoline that is sold to California drivers and drive up prices at the pump. Among its provisions, SB 237 includes language aimed at increasing output in Kern County, which is the heart of California's oil patch, to stabilize the fuels market."
Lawmakers introduced multiple energy bills as the legislative session approaches its midnight Friday deadline. Senate Bill 237 proposes implementing California Energy Commission recommendations following planned closures of Phillips 66 refineries in Carson and Wilmington by the end of 2025 and Valero’s Benicia refinery by 2026. The two companies account for roughly 18% of the state's crude capacity, raising concerns about shortages of specially blended gasoline and higher pump prices. SB 237 aims to increase output in Kern County and protect safety requirements on idle petroleum pipelines. Industry officials are reviewing the bill while environmental groups oppose it and call for a managed transition to clean energy.
Read at www.sandiegouniontribune.com
Unable to calculate read time
Collection
[
|
...
]