Core Viewpoint - Chevron warns that proposed "cap-and-invest" amendments in California could severely impact the state's remaining refineries, leading to significant job losses, increased gas prices, and threats to national security [1][2][3]. Group 1: Economic Impact - The proposed regulation could result in the loss of over 536,770 jobs in the energy sector, particularly affecting high-paying union jobs [5][6]. - Chevron projects that gas prices could increase by $1 per gallon by 2030, exacerbating the already high costs for consumers in California, where the average price is currently $4.81 per gallon [5][6]. - The regulation is expected to disproportionately affect lower-income households, which spend a larger share of their income on transportation fuels [6]. Group 2: Energy Security - Chevron emphasizes that refinery closures in California would reduce fuel supply resilience on the West Coast, posing risks to military readiness and national security [7]. - Maintaining operational refineries is framed as essential not only for economic stability but also for broader energy security and national defense [7]. Group 3: Regulatory Concerns - The California Air Resources Board (CARB) is proposing to significantly lower pollution allowances, which Chevron argues could destabilize the fuels market and threaten essential public services [3][4]. - There are concerns regarding CARB's management of carbon auctions, as it reportedly operates without standard open-meeting rules, raising transparency issues [7]. Group 4: Call to Action - Chevron urges policymakers to reconsider the proposed regulations to prevent lasting harm to California's economy and energy security [10].