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RE: LeoThread 2025-11-02 14-20

in LeoFinancelast month

Part 3/11:

Similarly, Phillips 66 has indicated plans to shut down one of its California refineries, reflecting a broader industry retreat. The California Energy Commission’s long-standing efforts to find buyers or alternatives have failed, and the likelihood of these plants reopening remains slim. Refineries have been viewed as incompatible with California’s green agenda, and as a result, the industry is being pushed out in a systematic, if slow, process.

Economic and Social Impacts