#michaelwirth — Public Fediverse posts on home.social

Two articles that I think go together... #Chevron (and other #polluters) hate #MakePollutersPay initiatives, and threaten to charge MORE rather than CUT CEO's pay (now at over $25 mllion)! Um...

Chevron says Richmond ballot measure to tax refinery will cost #BayArea drivers

By Cornell Barnard
Friday, July 26, 2024

RICHMOND, Calif. (KGO) -- "One of the Bay Area's largest refineries says it's against a tax measure on November's ballot, which could force it to pay more in taxes.

"Chevron is firing back at the City of Richmond, which greenlighted the measure. Chevron says if voters approve it, drivers across the Bay Area can expect to pay more at the pump.

"'This tax is the wrong approach,' said Tolly Graves, the director of Chevron's Richmond refinery [how much is Tolly making, eh?], making it clear that the company is against a refinery tax, dubbed the '#PollutersPay Initiative.'

"In November, voters will decide to tax one of the state's largest refineries $1 for each barrel of oil processed in city limits."

Chevron CEO's pay rose 12% to $26.5 million in 2023, workers lag

By Sabrina Valle
April 10, 2024

"U.S. oil major Chevron's (CVX.N), opens new tab CEO #MichaelWirth was paid $26.5 million in 2023, a 12.2% boost from the prior year and above the median pay raise for employees, a securities filing showed on Wednesday.
The numbers show an increased gap between compensation for executives and Chevron's 45,511 workers."

https://www.reuters.com/business/energy/chevron-ceos-pay-rose-12-265-million-2023-2024-04-10/

#BigOilAndGas #CorporatePolluters #Corporatocracy #Corporatism #ColonialCapitalism #Capitalism #BigOil