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Oil Refiner Valero to Disclose Climate Lobbying After Criticism Source: By Gerson Freitas Jr, Bloomberg • Posted: Thursday, March 4, 2021
Valero Energy Corp., one of the largest U.S. oil refiners, is planning to publish details of its climate lobbying activities after an investor pressed the company for more disclosure.
Valero will release a report later this year, it said in an emailed statement Wednesday. The decision follows discussions with Mercy Investment Services Inc., which had filed a proposed shareholder resolution demanding to know how Valero’s lobbying aligns with global efforts to fight climate change. That resolution has now been withdrawn, Valero said.
High Court Told Biofuel Ruling Would Cause Economic Strain
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Phillips 66 has named Mark Lashier, President and CEO of Chevron Phillips Chemical Company LLC, as its President and Chief Operating Officer effective 1 April.
“Mark is the right leader at the right time to join Phillips 66,” said Greg Garland, Chairman and CEO of Phillips 66. “He assumes his new role at a time when we are operationally and financially strong yet navigating a dynamic and challenging external environment.”
Lashier, who has over 30 years of energy industry experience, has served as CPChem’s CEO since 2017. He joined the global petrochemical joint venture, in which Phillips 66 owns a 50% interest, in 2000. At CPChem he has served as Executive Vice President of Olefins and Polyolefins; Senior Vice President of Specialties, Aromatics and Styrenics; Vice President of Corporate Planning and Development; and Regional Manager of Asia. He began his career with Phillips Petroleum Company as a research engineer.