Chevron warns of economic collapse in California under Gavin Newsom in doomsday letter

Source: New York Post

California will face economic collapse under Gov. Gavin Newsom’s “misguided” climate policy — with crippling job losses and sky-high gas prices, Chevron warned in a doomsday letter to the lefty governor on Wednesday. The oil giant’s bleak outlook in the letter to Newsom and the California Air Resources Board (CARB) came amid calls to block proposed amendments to the Cap-and-Invest program, which places a strict limit on greenhouse emissions that decreases each year.