California’s Windfall Profits Penalty Bill on Oil Companies Sails Through State Senate

California’s Windfall Profits Penalty Bill on Oil Companies Sails Through State Senate
In this file photo, state Sen. Nancy Skinner (D-Berkeley) and state Sen. Steven Glazer (D-Orinda) slap palms in celebration after a measure was approved by the Senate in Sacramento, Calif., on Sept 11, 2019. Rich Pedroncelli/AP Photo
Jill McLaughlin
Updated:
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California’s first-of-its-kind bill to cap oil company profits and regulate the industry easily won approval March 23 from the state Senate as it moves to the Assembly and near-certain passage.

Democrat Gov. Gavin Newsom’s campaign to punish oil companies for charging record-high prices at the pump last year in the state—reaching $9 a gallon in some cases—has gained overwhelming public support and unanimous approval by Democrat senators.

Jill McLaughlin
Jill McLaughlin
Author
Jill McLaughlin is an award-winning journalist covering politics, environment, and statewide issues. She has been a reporter and editor for newspapers in Oregon, Nevada, and New Mexico. Jill was born in Yosemite National Park and enjoys the majestic outdoors, traveling, golfing, and hiking.
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