California gas prices are on the rise again as Gov. Gavin Newsom's administration mulls a cap on refiner profits.
Newsom's proposed windfall tax would apply to any company that extracts, produces and refines oil in the state. Under the proposal, the state would set a cap on a company's profits, and any money ...
The Senate Energy, Utilities and Communications Committee held the first public discussion of Newsom’s plan to penalize oil companies for earning profits over a certain cap and return the funds ...
Gavin Newsom's oil profits penalty ... administration's attention by declaring she was the "lone Democrat" to reject the profits cap bill because she did not want to “throw my constituents ...
(CN) — In a win for environmentalists and social justice organizations, California Governor Gavin Newsom announced new rules Thursday requiring 3,200 feet of buffer space between homes, schools and ...
Oil companies that make excessive profits would be fined, Newsom says, and the money given back to Californians The proposal would let the state to decide the profit margin that would be allowed ...
California Governor Gavin Newsom claimed "Big Oil has been lying to us for over 50 years." Specifically, the lawsuit points to internal company memos and reports as evidence the oil firms ...
After indicating Thursday that he was considering calling a special session, Governor Gavin Newsom made it official Friday. “Gas prices are too high. Time to enact a windfall profits tax directly on ...
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Arnold Schwarzenegger and Jane Fonda joined Gov. Gavin Newsom and environmental advocates in Los Angeles on Friday to launch a campaign to keep a 2022 law banning new oil and gas wells near homes, ...
To avoid deeper general fund cuts, Newsom is proposing more than $1 billion in backfill spending by shifting costs to a fund ...
Now governors are facing some of the same blowback. Pennsylvania Gov. Josh Shapiro last month bowed to opposition from ...