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How will Richmond primarily use the first installment of the $500M settlement by December 31, 2024?
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Environmental projects • 25%
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City of Richmond budget documents or official announcements
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Richmond Secures $500M Settlement with Chevron
Aug 15, 2024, 12:18 AM
The City of Richmond has reached a settlement with Chevron, securing over $500 million in payments over the next 10 years. This agreement was officially accepted by the Richmond City Council and is seen as a significant victory for the city. Richmond Mayor Eduardo Martinez described the settlement as a 'historic moment' following challenging negotiations. The settlement is part of the city's efforts to hold polluters accountable and promote environmental justice. Chevron's union workers have also referred to the agreement as a 'historic settlement.'
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