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RE: Update/Examples – Refinery closing reports linked Carbon Tax/Global Warming actions

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#6076

Charles Randall
Participant

Just few news items on some leading edge Small refinery closing examples due Energy/Global Warming/Carbon tax actions by current congress bills:
 

  • Lion Oil: Climate Bill Could End Refinery

    An oil refinery in El Dorado that presently employs 1.200 workers says it will have to close if Congress
    http://arkansasnews.com/2009/07/09/lion-oil-climate-bill-could-end-refinery-3/
     

  • <Chevron Richmond Refinery expansion halted for stronger enviromental review may cancel contracosta area project and lead to plant sale/closing of 1930’s plant/units>. (See earlier news posting on coking.com

     
    Even though Congressional actions on increasing Ethanol use & adding Carbon Tax/Energy Bill actions are already in progress – There was some good news on the Climate Change bill Thursday via pushback & delay to Sept 2009=
     

  • Obama’s drive for climate change bill sees delay
    President Barack Obama’s push for quick action by Congress on climate change legislation suffered a setback on Thursday when the U.S. Senate committee leading the drive delayed work on the bill until September.

    http://www.boston.com/news/nation/washington/articles/2009/07/09/senate_panel_delays_action_on_climate_change_bill/
     
     
     
     FYI some Other Country closings impacted via economy

  • Shell may sell or shut Montreal East refinery Decision should be made in the next few months; refining margins are expected to

    http://www.theglobeandmail.com/report-on-business/industry-news/energy-and-resources/shell-may-sell-or-shut-montreal-east-refinery/article1212193/
     
    Valero Aruba Refinery is shutting down for 60-90 days due to poor refinery economics/margins and has been on sale block since 2008.
     

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