SAN DIEGO (AP) — The California State Lands Commission has approved Chevron Corp.’s request for a 30-year renewal of its lease for a marine terminal off the Los Angeles County coast where tankers deliver oil by undersea pipes to a refinery on shore.
KNX 1070’s Tom Reopelle reports
The 2-1 vote Friday came over the opposition of environmentalists and others worried about oil spills and the
threat of whales being struck by tankers entering Santa Monica Bay to reach the terminal off the city of El Segundo. Some urged a lease of only 10 years.
Supporters of the long-term lease cited the Chevron refinery’s key role in supplying gasoline to Southern California and fuel to nearby Los Angeles International Airport.
Chevron will be charged a base rent of about $1.3 million a year with annual adjustments based on the Consumer Price Index.
The refinery and offshore operations date to 1911.
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