AB-32 Has Consequences – BP Refining Leaving California
02/21/2012 1 Comment
Joining a long parade of business exiting the state, BP has announced that they will divest it self from all refineries in Carson CA and Texas City, TX, halve the companies U.S. refining capacity.
SAN FRANCISCO — As political maneuvering continues over the fate of the controversial proposed Keystone XL pipeline, one of the world’s largest energy companies — BP — is already signaling the direction it plans to take: it’s positioning itself to tap the burgeoning supply of Canadian tar sands oil.
BP announced it will divest from its oil refineries on the Southern West Coast — in Carson, Calif. — and Texas City, TX, and expand its operations in the Pacific Northwest and the Midwest — a move that would halve the company’s U.S. refining capacity.
More details HERE. Some good news for the Northern California, BP owns the ARCO brand and will continue to supply fuel to ARCO stations in Northern California.
“They don’t want to be in refining and marketing in the Pacific Southwest — Southern California, Southern Nevada, and Arizona,” he said.
The company has significant market share in these states, Hackett says, through the ARCO brand, which BP bought in the ‘90s. The company will continue to operate and supply fuel to ARCO stations in Northern California and the Pacific Northwest.