Valero Energy Corporation announced Monday that it would be nixing its planned acquisition of two petroleum and distribution terminals in Richmond and Martinez owned by Plains All American Pipeline. The decision followed a July lawsuit in which California Attorney General Xavier Becerra alleged that the purchase could contribute to higher gas prices in the state […]
Attorney General Becerra hopes to block Martinez terminal sale to Valero
By Donna Beth Weilenman Martinez News Gazette Special to the Herald California Attorney General Xavier Becerra announced he is seeking an injunction to block Valero Energy Corporation from buying the Martinez petroleum terminal, a purchase he called “anti-competitive behavior” and “unacceptable.” A court hearing on the motion is expected to take place next month. Becerra […]