The company has been the largest employer and source of tax revenue in the city for years, but has received scrutiny for the pollution it causes.
At a special meeting Wednesday, the Richmond City Council voted unanimously to approve a $550 million settlement agreement with Chevron.At a special meeting Wednesday, the Richmond City Council voted unanimously to approve a $550 million settlement agreement with Chevron.
As a part of the settlement, Richmond has agreed to pull a measure that was set to appear on the November ballot. That measure would have asked voters to approve a refinery tax on Chevron."We were talking to hundreds of voters a day and they were excited to vote in November. They were excited to hold big polluters accountable," Zapanta said.However, Mayor Eduardo Martinez believes this settlement is an easier, guaranteed way to get the money from Chevron.
"I think we always maintain a good dialogue with the city. We're always looking at ways to collaborate. Like I said, we've had a long history with Richmond," said Chevron spokesperson Brian Hubinger.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Richmond kills refinery tax ballot measure in exchange for $550 million from ChevronPayments will be made over the next 10 years, according to a deal negotiated by an ad hoc committee of Mayor Eduardo Martinez, Vice Mayor Claudia Jimenez and Councilmember Doria Robinson.
Read more »
Richmond refinery tax could be pulled from November election in exchange for $550 million from ChevronThe settlement agreement could stave off years of litigation between the city and Chevron.
Read more »
Richmond City Council settles with Chevron, pulls tax measure off November ballotThe Richmond City Council on Wednesday officially accepted a settlement with Chevron, bringing the city more than $500 million over 10 years.
Read more »
Wizz Air launches $550 'all you can fly' annual subscription passKaren Gilchrist is a reporter for CNBC.com.
Read more »
Wizz Air launches $550 'all you can fly' annual subscription passTravelers in Europe can now take unlimited flights for 499 euros ($550) a year under a new travel subscription service from budget carrier Wizz Air.
Read more »
Wizz Air launches $550 ‘all you can fly' annual subscription passTravelers in Europe can now take unlimited flights for 499 euros ($550) a year under a new travel subscription service from budget carrier Wizz Air.
Read more »