Richmond Secures $550 Million Chevron Deal, Dropping Refinery Tax Measure

1 articles · Updated · Fox News · Jun 13

$550 million is at the center of Richmond's 2024 agreement with Chevron, under which the city removed a proposed refinery tax measure from the ballot.
The deal followed years of pressure over pollution, safety and corporate accountability, sharpened by the 2012 refinery fire that sent about 15,000 people to seek medical treatment.
Richmond's socialist-aligned leadership and the Richmond Progressive Alliance turned Chevron into the city's defining political issue, while the company steadily lost influence after once dominating local politics.
Residents and former officials say the payout is a win but warn that pushing too hard could jeopardize refinery jobs and tax revenue, especially after Chevron already moved its headquarters to Houston.