California refiner warns of closure risk over carbon cost imbalance with importers

Published 01:30 on March 5, 2026 / Last updated at 01:30 on March 5, 2026 / / Americas (Compliance Markets & Taxes, US & Canada)

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A major California refiner warned it may close its in-state operations if California regulator ARB does not equalise compliance costs between domestic producers and fuel importers under the cap-and-invest programme.
A major California refiner warned it may close its in-state operations if California regulator ARB does not equalise compliance costs between domestic producers and fuel importers under the cap-and-invest programme.


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