Energy

Price gouging Penalty Passes First Hurdle; Consumer Watchdog Testifies In Assembly About Need for Penalty and Transparency Reforms, $590 Million Oil Exec Stock Grab

March 22, 2023  ·  Jamie Court

SBx1 2, the newly amended proposal for a price gouging penalty and oil refiner transparency, passed its first test in the California Senate Utilities, Energy and Commerce Committee

Governor and Legislature Strike Deal on Price Gouging Penalty And Oil Refiner Transparency

March 20, 2023  ·  Jamie Court

Making California First State In America To Rein In Oil Refiner Greed and Profiteering Los Angeles, CA – Governor Newsom and California legislature leaders have reached...

Executives And Insiders At CA Big 5 Refiners Cashed Out $590 Million In Company Stock During 2022 In Wartime Profiteering

March 15, 2023  ·  Liza Tucker

Top executives and insiders at California’s big five oil refiners cashed out $590 million in stock in 2022, according to a review of filings with Securities Exchange Commission by the nonprofit Consumer Watchdog.

More Transparency For California Gas Markets

March 13, 2023  ·  Jamie Court

This morning the Los Angeles Times published my commentary on why we need more transparency in California’s gas markets. Let’s hope the powers that be...

Misnomers In Legislative Debate Over Price Gouging Penalty

March 2, 2023  ·  Jamie Court

When the California Senate Energy Committee took on the price gouging penalty for the first time recently, economists with a track record working for the oil industry tried to...

Consumer Watchdog Testifies For Windfall Profits Cap At CA Senate Energy Committee

February 22, 2023  ·  Jamie Court

Sacramento, CA – Consumer Watchdog President Jamie Court will offer testimony in favor of enacting a price gouging penalty and windfall profits cap on oil refiners...

Over 100 Groups Support California Legislation Curtailing Excessive Refinery Profits

February 21, 2023  ·  Alexandra Nagy

Labor, Working Families Party, progressive and climate justice organizations unite on bill to penalize future gasoline price gouging Sacramento, CA — Over 100 state, local, and...

PBF Energy, Last of California’s Big Five Refiners To Report 2022 Results, Finishes Parade Of Windfall Profits In California

February 16, 2023  ·  Liza Tucker

Los Angeles, CA—PBF Energy today posted an annual profit of $2.9 billion. The five refiners controlling California’s gasoline market —  PBF Energy, Chevron, Marathon Petroleum, Valero,...

Why SoCal Gas is at Fault For Doubling Your Natural Gas Bill

February 10, 2023  ·  Jamie Court

Consumer Watchdog Provides Testimony Of Manipulation of Natural Gas Prices In Southern California To Public Utilities Commission

February 7, 2023  ·  Jamie Court

San Francisco, CA – Consumer Watchdog President Jamie Court offered the following testimony to the Public Utilities Commission on the spike in natural gas prices...

Two California Refiners Reveal Windfall Profits For 2022, Continuing In Footsteps of Chevron

February 3, 2023  ·  Liza Tucker

Los Angeles, CA—Marathon Petroleum made 75 cents in profit per gallon off West Coast drivers in 2022, virtually doubling what it made the year before,...

Chevron Reports $1.4 Billion In CA Windfall Refining Profits In 2022

January 30, 2023  ·  Jamie Court

Total Windfall Profits Rebate Climbs to $3.2 Billion As Fourth Quarter Reports Continue To Roll In Los Angeles, CA—Chevron’s profits report to investors Friday revealed...