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Valero Energy (VLO +0.2%) wants to sell its pair of California refineries and has brought in...

Valero Energy (VLO +0.2%) wants to sell its pair of California refineries and has brought in Citigroup to help shop them around to potential buyers, WSJ reported over the weekend. CEO Bill Klesse said last year that VLO was considering options for the two plants due to a 2006 California law that requires emissions to match 1990 levels by 2020, which could cost hundreds of millions of dollars in upgrades.
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  • nelsongp
    , contributor
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    "California law that requires emissions to match 1990 levels by 2020"
    Interpret please:
    Emissions per combusted volume in a standard test chamber, per vehicle no matter engine design,what grade fuel, source corn or petroleum, or exactly what? Don't understand.
    24 Oct 2012, 12:19 AM Reply Like
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