The bill would give Californians the ability to set a penalty level in which the oil refineries would pay a penalty for making too much off their per-gallon profits, the gross refining margin.

By Dan Bacher, THE DAILY KOS https://www.dailykos.com/stories/2023/3/23/2159845/-CA-Senate-passes-gasoline-price-gouging-penalty-bill-as-neighborhood-oil-drilling-permits-skyrocket The California Senate today passed Governor Gavin Newsom’s special session bill, SBx1 2, to hold Big Oil accountable for price gouging at the gas pumps by a vote of 30 to 8.     Although the bill...

By The Office of Governor Gavin Newsom https://www.gov.ca.gov/2023/03/23/what-theyre-saying-governor-newsoms-proposal-to-hold-big-oil-accountable/ “Profits from California were 30% higher than anywhere else in the world”“We in California are systematically being gouged”“It’s a data-driven approach that couldn’t be wiser” SACRAMENTO – As Governor Gavin Newsom’s special session proposal...

President of Consumer Watchdog, Jamie Court, speaks about Governor Gavin Newsom's deal with the legislature to enact a price gouging penalty on big oil companies.

By Andrew Sheeler, THE SACRAMENTO BEE https://www.sacbee.com/news/politics-government/capitol-alert/article273371015.html#storylink=cpy Good morning and welcome to the A.M. Alert! NEWSOM, DEMOCRATIC LEGISLATIVE LEADERS UNVEIL PLAN TO CREATE GAS PRICE WATCHDOG The California Energy Commission would be empowered to levy price-gouging penalties on oil and gas companies...

By Dustin Gardner, THE SAN FRANCISCO CHRONICLE https://www.sfchronicle.com/politics/article/newsom-legislature-oil-profits-deal-17850009.php Gov. Gavin Newsom and Democratic leaders in the Legislature announced Monday that they have brokered a deal on his proposal to fight California’s high gas prices by taking oil companies to task...

By Dan Bacher, THE DAILY KOS https://www.dailykos.com/stories/2023/3/20/2159318/-Gov-and-Legislature-Strike-Deal-on-Price-Gouging-Penalty-as-CA-Oil-Drilling-Permits-Surge Los Angeles, CA -  Consumer Watchdog and the Governor’s Office just announced that Governor Newsom and California legislature leaders have reached a deal to move forward a new oil refiner accountability law, including a price gouging...

By Dan Bacher, THE DAILY KOS https://m.dailykos.com/stories/2023/3/17/2158767/-Climate-activists-protest-approval-of-hundreds-of-neighborhood-oil-drilling-permits-in-California SACRAMENTO, CA— As regulatory capture by Big Oil and Big Gas becomes deeper and deeper in the supposedly “green” state of California, climate activists with the Last Chance Alliance announced they will hold a protest today outside the California Natural...

By Eliyahu Kamisher, THE MERCURY NEWS https://www.mercurynews.com/2023/03/16/gas-prices-newsom-scraps-profits-cap-on-oil-industry-price-gouging-proposes-new-watchdog-body/ Months after Gov. Gavin Newsom unveiled a plan to punish oil companies for reaping large profits during a California gas price surge, his office has scrapped the legislation and is instead looking to...

By Staff Reporters, KCBS – San Francisco, CA Click below to listen to the audio of this radio broadcast segment.