California is still one of the largest global oil markets, behind the U.S. and China. Gunda said Newsom’s proposal attempts to impose a price gouging penalty that grows progressively larger to prevent ...
TO CAP OR NOT TO CAP: The most important climate conversation in Sacramento this year may be the one that isn’t happening.
Milder, informally known as the state’s “oil czar,” was named by Gov. Gavin Newsom last year to lead the state’s investigation, which will inform whether it should impose a cap on oil ...
The Senate Energy, Utilities and Communications Committee held the first public discussion of Newsom’s plan to penalize oil companies for earning profits over a certain cap and return the funds ...
Newsom's proposed windfall tax would apply to any company that extracts, produces and refines oil in the state. Under the proposal, the state would set a cap on a company's profits, and any money ...
A group of Western insurers has said a Russian oil price cap has become unenforceable and only pushed more ships into joining ...
Gavin Newsom's oil profits penalty ... administration's attention by declaring she was the "lone Democrat" to reject the profits cap bill because she did not want to “throw my constituents ...
Moscow has dramatically reduced its need for Western ships or services by building up a shadow fleet of tankers.
David McNew Getty Images Nearly three years after Gov. Gavin Newsom directed it, California’s oil and gas industry regulator kickstarted a process to outright ban hydraulic fracturing ...
California Gov. Gavin Newsom on Thursday asked for the public’s help in designing a new $1 coin to honor the state's innovations, but many of the responses pointed to anything but positive ...
Now governors are facing some of the same blowback. Pennsylvania Gov. Josh Shapiro last month bowed to opposition from ...
To avoid deeper general fund cuts, Newsom is proposing more than $1 billion in backfill spending by shifting costs to a fund that receives revenue from the state’s cap-and-trade program.