Gov. Newsom signs new law that gives state regulators power to penalize oil companies for price gouging, the first of its kind in the country.
Newsom signed a new law that gives state regulators the power to penalize oil companies for making too much moneyIt was just a few weeks ago that California Gov. Gavin Newsom called the oil industry the second most powerful force on earth, trailing only Mother Nature in its ability to bend the elements — both physical and political — to its will.
The bill is the latest in a string of defeats for the oil industry in California, a state many don't think of as a fossil fuel powerhouse. But for decades, California was one of the leading oil producers in the United States with a bustling industry that was a key part of the state's economy. The state is now the nation's seventh-largest oil producer, according to federal data.Sign up for NBC Bay Area’s Housing Deconstructed newsletter.
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California flood victims, local officials plead with Gov. Newsom for help with FEMA aidElected officials and local business owners are pleading for federal aid as California flood victims recover.
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Oil Companies Could Be Penalized For Price Gouging Under Bill Awaiting Newsom's SignatureCalifornia lawmakers approve bill that could punish oil companies when they make too much money. The bill now heads to Newsom's desk.
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Today's Headlines: California lawmakers approve Newsom’s oil billThe California Legislature sent Gov. Gavin Newsom a bill to increase transparency in the oil industry and require refiners to report more information to the state.
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California lawmakers OK Newsom plan that could someday cap oil industry profitsThe California Assembly handed Gov. Gavin Newsom a long-awaited win on Monday, approving his revised proposal to punish alleged price gouging by oil companies and sending the measure to his desk for a signature.
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Hear that $1 billion sucking sound? Texas school vouchers will cost us. (Editorial)Texas Legislature's SB8, pushed by Gov. Abbott and Lt. Gov. Dan Patrick, allows education...
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California lawmakers approve Newsom's oil bill. Here's what you need to knowThe California Legislature sent Gov. Gavin Newsom a bill to increase transparency in the oil industry and require refiners to report more information to the state.
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