The oil giant's ballyhooed move to Houston is not a big deal and will only slow the diversification of Texas's economy.
Yippee, another world-class polluter is moving its global headquarters to Houston, bringing a few hundred employees and a fossil fuel business plan unable to adapt to climate change. Chevron ’s relocation from San Ramon , Calif. , is no surprise since most of the company has long resided in Greater Houston . CEO Mike Wirth chose low-regulation, zero-income-tax Texas to shore up profits.
“Texas offers a business-friendly environment, a more affordable cost of living, and better proximity to key counterparts in the service sector, our industry and academia,” the company said in a statement. Gov. Greg Abbott’s new court system also adds to the business-friendly environment. In June 2023, the governor signed House Bill 19 and Senate Bill 1045 into law, which gave him authority to appoint district and appellate judges to handle commercial civil cases.
House Fortune Legislature Court Of Chancery Senate Tesla Spacex Texas Oil And Gas Association Mike Wirth Elon Musk Gavin Newsom Rob Bonta Andrew Murr Greg Abbott Republicans Chris Tomlinson John Watson R Texans Texas Greater Houston Calif. San Ramon U.S. Junction Delaware Business Energy Twitter Texans Houstonchronicle.Com/Tomlinsonnewsletter Big Oil Tomlinson's Take Bill 19 Bill 1045
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