One of America’s most business-friendly states welcomes
After nearly a century and a half of operating in California, Chevron has decided to pack up and head southeast to Texas. The multinational energy giant was in California long before Hollywood and Silicon Valley took root, but policy and regulatory differences over the past few decades have forced the company to make a decision that is ultimately not surprising. See also: Speedy Freight opens first U.S. location in Dallas, Texas Chevron will now be headquartered in Houston, the energy capital of the United States and the world. Equipment suppliers for the entire oil and gas supply chain are all within easy reach, as are top universities, from which Chevron will undoubtedly draw talent and research results. California Governor Gavin Newsom is running for reelection in 2022 and has vowed to go to war with Big Oil. Chevron and other companies are undoubtedly concerned, but Newsom is just the latest in a long line of politicians working to make California…
ICYMI: Supreme Court overturns landmark Chevron case
In a landmark ruling, the Supreme Court overturned Chevron v. Natural Resources Defense Council, which gave federal agencies wide latitude to interpret laws. Judges can now interpret laws on their own, rather than defer to agencies, making it easier to overturn federal government regulations.What is Chevron DeferenceIn 1984, the Supreme Court decided Chevron v. Natural Resources Defense Council, a case involving the Environmental Protection Agency’s (EPA) interpretation of the Clean Air Act. The court ruled that because the law was vague, the EPA (and other federal agencies) should have leeway to interpret the statute. Moreover, Chevron said, courts should uphold the agency’s interpretation as long as it was reasonable, even if it differed from what the court considered to be the best interpretation of the statute.This principle became known as “Chevron deference” and became one of the most important decisions in administrative law. In the 40 years since Chevron, federal courts have cited it more than 18,000 times.Supreme Court overturns…
Explore the latest exhibition information and industry trends at ASAP Expo Magazine. Your one-stop platform, bringing together global exhibition highlights, industry trends and in-depth analysis, to help companies accurately connect with the market and seize business opportunities.
