California Gov. Gavin Newsom's plan to limit oil companies' profits was met with criticism by Democrats, Republicans and experts alike at a state hearing earlier this week.
Democratic California Gov. Gavin Newsom's plan to limitwas met with criticism by Democrats, Republicans and experts alike at a state hearing earlier this week.
He added that the bill"will only make matters worse for the California consumer" and"serve as a disincentive for investing in supply and new technologies for the refiners.""Enacting it will reduce supply, force out producers and reduce employment in a high-paying sector," Mische continued, adding that gas and energy prices would increase as a result of the bill.to punish oil companies for"lying and gouging Californians to line their own pockets.
"In our pursuit to address gasoline prices, we must ensure our actions that we take first [do] no harm to consumers," state Sen. Steve Bradford said, according to Politico."There is clearly a belief out there among many people that oil companies were profiting off the backs of Californians," added state Sen. Dave Min."At the same time, we don’t really have a smoking gun as far as I can see, that shows intentional collusion.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Elon Musk Meets With California Gov. Newsom at Tesla's New Engineering Headquarters to Discuss ExpansionThe expansion will focus on hiring engineers proficient in research development and artificial intelligence.
Baca lebih lajut »
Gavin Newsom Was Right 19 Years Ago — And Conservatives Just Keep Being WrongThe Republican Party once argued that same-sex marriage was 'unnatural.' Thankfully, the then-San Francisco mayor didn't see it that way.
Baca lebih lajut »
No surprise: Elon Musk and Gavin Newsom are pals againElon Musk once called Gavin Newsom the “U-Haul salesman of the year.” Wednesday, Newsom called Musk “brother.”
Baca lebih lajut »
Tesla Returns to California, Musk and Newsom AnnounceElon Musk and Gavin Newsom announced Wednesday that Tesla would return to California to make the company “dual-headquartered” with Texas. See potential bias and similarities in coverage from FoxBusiness, CNBC and SFGate: ElonMusk GavinNewsom
Baca lebih lajut »
Is ending homelessness in California just a matter of spending money?The political debate over California’s highest-in-the-nation homelessness has boiled down to money with Gov. Gavin Newsom and local officials at odds.
Baca lebih lajut »
DeSantis now beating Trump in California GOP primary, poll saysRon DeSantis has endeared himself to California Republicans by being a foil to Gavin Newsom.
Baca lebih lajut »