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"California set out to be the nation's leader in the energy transition, but it isn't going quite as planned.In October, Phillips 66 announced it was closing down its Los Angeles-area refinery, which analysts say was the result of the state's hostility toward its oil industry. Then in April, Valero announced it would cease operations at its San Francisco-area refinery in April 2026.Facing serious shortfalls…[more]
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