The Richmond City Council on Wednesday officially accepted a settlement with Chevron, bringing the city more than $500 million over 10 years.
Just hours before a deadline to pull measures off the November ballot, the Richmond City Council on Wednesday officially accepted a settlement with Chevron , bringing the city more than $500 million over 10 years. Approved by the council on June 18, the ballot proposal would have asked voters to decide whether the city should impose a $1 per barrel tax on feedstock refined at Chevron 's Richmond refinery for 50 years.
More than one councilmember referred to a similar ballot measure passed by the Southern California city of Carson taxing a local refinery in 2017, which is still being held up by the courts.Councilmember Doria Robinson, who grew up in Richmond's Iron Triangle area, said Carson hasn't seen 'a dime' of that tax money.
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