It's important to note that balajis is anti-regulation, so his bias points out all the downsides of Chevron while ignoring the benefits.
It is even more important to note that the relationship between Companies and Regulators is not always confrontational. Our interests align more often than not (anecdote below). However, regulators occasionally overstep, and this decision allows Companies to challenge such oversteps. I once ran a chemical plant and we partnered with the state to reduce emissions to single-digit parts per billion levels (from parts pe…
And it's also a responsibility you take on in starting a company with a byproduct that (I'm assuming) is toxic.