Written by by Tristan Justice at californiaglobe.com
The announcement of another major corporation leaving California is just the latest illustration of Sacramento lawmakers regulating residents out of business.
On Friday, the iconic California oil giant formerly known as Standard Oil will mark the 145th anniversary of its west coast founding by leaving it for Texas. The major oil producer and refiner joins a growing list of companies spearheading a corporate exodus from the state including X/Twitter, Space X, Oracle, Hewlett Packard, Charles Schwab, and Toyota Motor North America, all of which have either already relocated or made plans to relocate in Texas. Chevron currently employs roughly 2,000 employees in San Ramon who are likely impacted.
In January, Chevron executive Andy Walz warned his company’s home state legislators were playing a “dangerous game” with strict regulatory regimes that hinder operations and spike gas prices with Californians paying more at the pump than anywhere else in the country. While California has the highest number of registered electric vehicles in the United States, the state remains the second largest consumer of gasoline, according to the U.S. Department of Energy. State leadership’s aggressive pursuit of far-left environmental agendas, however, have jeopardized a reliable energy industry and with it, a sustainable economy.
Refiners, Walz said, “are making decisions that are kind of putting us on a pathway where there could be a reliability problem.”
“You may not have the supply of gasoline if things don’t turn out the way the government wants them to,” Walz added. “It’s a dangerous game.”