Climate Politics
US May Never Build New Refinery Even With Surging Gas Prices, Chevron CEO Says
Green policy push means billion-dollar investments may be stranded in coming decades
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There may never be a new refinery built in the US despite surging gasoline prices as policymakers move away from fossil fuels, according to Chevron Corp.
“We haven’t had a refinery built in the United States since the 1970s,” Chief Executive Officer Mike Wirth said in an interview on Bloomberg TV. “My personal view is there will never be another new refinery built in the United States.”