Chevron to Pay Richmond $550 Million in Settlement

Aug 15, 2024, 09:45 AM

Chevron has agreed to a settlement with the City of Richmond, California, committing to pay $550 million over the next 10 years. This settlement resolves a dispute that led to the city dropping a proposed ballot measure for a new tax on Chevron's Richmond refinery. The Richmond City Council officially accepted the settlement, which has been described by Chevron union workers as a 'historic settlement.'