Chevron Is the Problem

Chevron Corporation reaped $26.9 billion in profits last year. That’s right: $26.9 billion. Yet for reasons still to be explained, the San Ramon-based company declined to spend any of that cash on replacing a small, aging section of pipe at its Richmond refinery during an inspection last fall. Last week, that eight-inch pipe began to leak oil profusely before igniting a fireball that could be seen throughout the Bay Area and unleashing a giant plume of smoke that sickened hundreds of nearby residents.

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