Richmond’s $550 Million Deal with Chevron

The Bay

Last week, the Richmond City Council scrapped a November ballot measure that would have imposed a new oil-refining tax on the nearby Chevron refinery. Instead, the council voted unanimously to approve a $550 million settlement with the company.

KQED’s Dan Brekke explains why city leaders chose to strike a deal instead of taking the issue to the ballot box.

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