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Published 1 year ago

Newsom unveils plans to penalize oil companies for high gas prices in California

Summary by Ground News
Gov. Gavin Newsom on Monday proposed a measure to crack down on price gouging by oil companies, and impose penalties on excessive profits that would be refunded to Californians.

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CBS NewsCBS News

Newsom unveils price-gouging penalty aimed at oil companies

Governor Gavin Newsom on Monday unveiled a proposed penalty aimed at deterring oil companies from excessive gas price increases as the state legislature gathered for a special session.

1 year ago
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The HillThe Hill

Newsom proposes penalizing oil companies amid high fuel prices

California Gov. Gavin Newsom (D) on Monday evening unveiled a proposal that would penalize oil companies for “excessive profits” in the Golden State. Newsom introduced the “price gouging penalty” alongside state Sen. Nancy Skinner (D) in a move they said would “deter excessive price increases and keep money in Californians’ pockets.” “California’s price gouging penalty…

1 year ago·Washington, United States
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Los Angeles TimesLos Angeles Times

Newsom, accusing oil industry of price gouging, unveils plan to cap refinery profits

Gov. Gavin Newsom reveals the first details of his plan to cap oil refinery profits in California, which has the highest gas prices in the nation.

1 year ago·Los Angeles, United States
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The Mercury newsThe Mercury news

‘Lying and gouging’: Newsom unveils plan to cap oil refiners’ profits

Newly seated California Legislature to face challenge on whether Sacramento should claw back oil industry profits.

1 year ago·San Jose, United States
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UPIUPI

California Gov. Gavin Newsom unveils plan to cap oil refinery profits

California Democrats want to punish energy companies from reaping in high profits to the detriment of consumers.

1 year ago·Washington, United States
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abc 7 LAabc 7 LA

Newsom proposes measure to crack down on price gouging by oil companies

Gov. Gavin Newsom wants to crack down on price gouging by oil companies, by penalizing excessive profits that would be refunded to Californians.

1 year ago·Los Angeles, United States
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