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Will Chevron make the first payment of the $550 million settlement to Richmond by end of 2024?
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Resolution / Starting Odds
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Official statement from Chevron or Richmond City Council, financial records
Story
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.'
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Mayor Eduardo Martinez • 25%
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