Chevron will be the latest petroleum supplier to move its headquarters from California to Texas as the state slowly transitions away from fossil fuel consumption to clean energy.
First reported by The Wall Street Journal, the US oil giant announced plans to relocate to Houston to "enable better collaboration and engagement with executives, employees, and business partners." Chevron has been operating in California for over 145 years now.
Chevron to Face Less Environmental Regulation Resistance in Texas
Texas is among the conservative states that still rely mostly on fossil fuel for transportation as lawmakers impose stricter tax rules around EV drivers.
Climate change-related and energy efficiency bills also have a hard time being legislated, making it the perfect for the remaining few oil producers to keep afloat amidst restrictive laws in other states.
It did not help that state legislators have previously passed a huge economic package to incentivize the oil and gas industry to increase operations in Texas, notably excluding wind and solar energy corporations.
This is in contrast to Chevron's recent legal battles with state regulators in its office in Sacramento over recent energy and climate policies imposed on California.
Chevron to Provide Safety Net for Texas's Power Crisis
If there is one benefit the relocation does for the states, it would likely be Chevron becoming a safety net for Texas as energy demands are set to rise during the summer season.
This, however, would also mean that the state would be more vulnerable to greenhouse gas effects as increased carbon emissions would likely elevate air pollution in many areas.
In the same manner, the state would also be more prone to severe weather conditions that have originally caused the increase in gas and fossil fuel consumption to meet growing energy demands, according to an Earth.org analysis.
Related Article : AI Revolution Drives Higher Demands for Natural Gases, Fossil Fuels
