Newsom’s Plan to Cap Oil Profits in California Faces Bipartisan Skepticism

Newsom’s Plan to Cap Oil Profits in California Faces Bipartisan Skepticism
California Gov. Gavin Newsom speaks at a press conference in Universal City, Calif., on June 15, 2021. Alberto E. Rodriguez/Getty Images
Jill McLaughlin
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Californians might have to choose between higher gas prices or scaling back the state’s climate agenda, state regulators told legislators at a recent special state Senate hearing on a proposed oil industry windfall profits penalty.

Gov. Gavin Newsom called the special session of the Legislature last December to consider imposing penalties on oil companies to restrict them from making excessive profits in the state.

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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