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One Beacon Street, 10th Floor
Boston, Massachusetts 02108
The Boston Consulting Group (BCG) is a global management consulting firm and the world's leading advisor on business strategy. We partner with clients from the private, public, and not-for-profit sectors in all regions to identify their highest-value oppo ... more
BCG Press Releases - Global Energy Companies Should Consider Broader China Deals, According To A New Report From The Boston Consulting Group
"Accordingly, the government will be less and less likely to approve project participation by foreign energy companies that doesn't advance solutions to these big challenges. But, the government may arrange for superior terms for companies whose participation is comprehensive, reflects their ability to invest in extensive capital projects, helps improve domestic exploration and production, and contributes to the development of unconventional energy resources, such as tar sands and other frontier resources,"
Should they close, the state could lose between 28,000 and 51,000 jobs, with the losses occurring not just at the refineries but at businesses frequented by refinery workers.
California also could lose $3.1 billion to $3.4 billion in tax revenue.
"Even if you lose just 30,000 jobs, that's a big deal to a state that's got 11 percent unemployment," VanTassel said.
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