Who Won: Richmond or Chevron?

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The answer appears to be both — or neither, depending on your point of view. The settlement agreement approved by the Richmond City Council last night guarantees that Chevron will pay the city $4 million to $13 million more than it does now each year for the next fifteen years. Although it’s not as much money as the city hoped to collect, it’s more than the oil giant wanted to pay. Plus, the city could have come out a lot worse.