CA Energy Giant Warns Leadership — Make changes or We Close 2 More Refineries

The California Air Resources Board (CARB) is facing scrutiny over its Cap-and-Investment program, with PBF Energy warning that proposed amendments could decimate in-state refining capacity. Assembly Bill 1207, championed by Assemblywoman Jacqui Irwin, aims to extend the cap and trade program to 2045, but critics argue it will skyrocket costs and force refineries to close. PBF Energy, which supplies a significant portion of California's fuel including 33% of the state's gasoline production, warns of dire consequences. The potential loss of refineries threatens job losses, disrupts fuel supplies, and endangers California's energy independence. The proposed changes could disproportionately affect California's economy and residents. Understanding CARB's actions and their impact on California's energy sector is crucial for reasonable people.