Northern California

California Lawmakers to Consider Gov. Newsom’s Windfall Tax on Oil Companies

California Lawmakers to Consider Gov. Newsom’s Windfall Tax on Oil Companies
California Gov. Gavin Newsom speaks during a press conference in Sacramento, Calif., on Feb. 1, 2023. Justin Sullivan/Getty Images
Jill McLaughlin
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California lawmakers will hold a special public hearing Feb. 22 to consider Gov. Gavin Newsom’s plan to impose a windfall tax on oil companies.

The proposal would place mandatory caps on oil refinery profits and add industry regulations and oversight, according to the governor.

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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