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PBF shares tumble 10% on new California air pollution regulation

Reuters 3 minute read Fire crews battle flames at PBF Energy Inc s 175,000 barrel-per-day crude unit at its Delaware City, Delaware refinery in this still image taken from Delaware Department of Transportation traffic camera video in Delaware City, Delaware, U.S. February 3, 2019. Delaware DOT/Handout via REUTERS July 22 (Reuters) - Shares of oil refiner PBF Energy Inc (PBF.N) fell more than 10% on Thursday after new air pollution requirements were approved that could hit the company s Martinez refinery. Northern California regulators on Wednesday directed Chevron Corp s (CVX.N) Richmond plant and PBF s Martinez refinery to slash their fine particulate air pollution, which will require costly modifications at the plants.

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