A Different Take on the Tesoro Sale

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Tesoro says it’s selling because the Hawaii business is no longer in line with the company’s future. Sophie Cocke has been talking to economists and energy experts who think the state’s switch to renewables will hurt the refinery business here — which could be why Tesoro is getting out. At the same time, HECO’s push to switch to renewables is projected to drive up the cost of gasoline.

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