oil refineries

BP Announces It Will Divest From its Oil Refineries in California, Texas

Ngoc Nguyen

As political maneuvering continues over the fate of the controversial proposed Keystone XL pipeline, one of the world's largest energy companies -- BP -- is already signaling the direction it plans to take: it's positioning itself to tap the burgeoning supply of Canadian tar sands oil. BP announced it will divest from its oil refineries on the Southern West Coast -- in Carson, Calif. -- and Texas City, Tex., and expand its operations in the Pacific Northwest and the Midwest. 

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