Don't Be Surprised As More Businesses Leave Hostile California for Friendlier Locales

[Webster]

American Family News: Californian-turned-Texan not surprised at Chevron's major move

After learning the news that oil company Chevron is leaving California for Texas, a Californian-turned-Texan says nobody should be surprised.

Last week, Chevron announced it is moving its global headquarters to oil-friendly Houston, Texas. The CEO of the second-largest U.S. oil company cited California’s unfriendly business climate and the state government’s open opposition to fossil fuels.

Last month, billionaire Elon Musk said he’ll move X and Space X to Texas.

Chuck DeVore, of the Texas Public Policy Foundation, is himself a former California assemblyman. He says Gov. Gavin Newsom and the Democrat-dominated state government are “very hostile” to oil and natural gas. “And what you’ve been seeing over the last couple of decades,” he advises, “is that production of oil and gas in California has been dropping off somewhat in response to this heavy government hand against the industry.”

DeVore served six years in the California State Assembly, where he was a member of the Budget Committee and vice chairman of the Revenue and Taxation Committee.

DeVore recalls when Occidental Petroleum made a similar move from California approximately 10 years ago, when it moved its corporate Headquarters from Los Angeles to Houston. The regulations were so burdensome, he says, that Occidental split its corporate assets into a separate company in Texas and one that remained behind in California.

California, the most populous U.S. state, has approximately 39 million while Texas, a distance second, has a population of 30 million. Despite its enormous population, California lost a congressional seat for the first time ever after the 2020 census.

 

[Augusta]

But that's normal for all business environment. When the environment isn't healthy and friendly to your business you move to a better environment

 

[King Belieal]

Take it or leave it. When the business clime is not favourable and businesses start to leave, the economy would dwindle.

 

[Augusta]

Yes I agree with you. it's this kind of issues that kills an economy. The economy would just dry up and hardship sets in

 

[Webster]

Take it or leave it. When the business clime is not favourable and businesses start to leave, the economy would dwindle.

Yes I agree with you. it's this kind of issues that kills an economy. The economy would just dry up and hardship sets in

Its' sad because California has the 5th-largest economy in the world and has the resources, the manpower and the gutsy to be a world leader here in the U.S. but its' hostile business environment is giving companies such as Chevron no other choice but to leave.

Over time that's going to drag down the Golden State more than anything else; if businesses don't feel things are good there, they'll leave either or not go there to begin with.

 

[Starmix]

That could not be avoided. People prefer not a hostile provider and that's we always hear shifting to more friendlier one regardless of its population than the preferred one.

 

[Augusta]

That's right even here in Nigeria a lot of companies are packing up as the economy is not friendly at all now

 

[Starmix]

People prefer a nice and friendly companies. People are afraid if encounter a hostile company management or owner.