How Will Chevron Headquarters' Move to Texas Impact California's Energy Future?

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KQED

Politics, News, News Commentary

4.6 • 656 Ratings

🗓️ 7 August 2024

⏱️ 57 minutes

🔗️ Recording | iTunes | RSS

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Summary

After more than a century in the Bay Area, Chevron announced it is moving its headquarters from San Ramon to Houston, but the company’s refineries in Richmond and El Segundo remain for now. California was once a leading producer of oil, and today remains the nation’s seventh largest oil producer. But Governor Gavin Newsom has vowed to phase out the oil and gas industry by 2045. As California transitions towards an energy future that is less dependent on fossil fuel, what kinds of obstacles will the state, industries and workers face in the short and long term? Guests: Sammy Roth, energy reporter, Los Angeles Times George Avalos, business reporter, Bay Area News Group Devashree Saha, director, US Clean Energy Economy Program Dan Walters, columnist, CalMatters Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Hey, forum listeners. It's Alexis. Did you hear that forum is launching a video podcast? It is true.
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1:30.3	I'm Leslie McClurg in for Alexis Madrigal.
1:33.3	After more than a century in California, Chevron is leaving.
1:36.3	The oil giant is moving its headquarters from San Ramon to Houston.
1:41.3	Executives have been pushing up against California's strict regulatory environment.
1:45.0	The move is part of an ongoing decline in oil production as the Golden State embraces green energy.
1:51.0	We'll talk to experts about what this move means for California and what the future looks like.
1:55.0	That's next after this news. Welcome to Forum. I'm Leslie McClurg. I'm in today for Alexis Madrigal.
2:23.2	California used to be a world leader of oil in its byproducts, producing more than a fifth of the world's total oil.
2:30.5	But the industry has been on the decline for a while. For example, California used to have 50 oil refineries, and today there are less than a dozen.
2:38.6	And now, after 145 years, 145 years, Chevron is moving to Texas.
	...

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