Top 10 US Insurance Companies Invest $51 Billion In Fossil Fuels
Los Angeles, CA — As a UN panel finds the world is losing the war with global warming and urgent action is needed, US insurance companies have reported holding more than $50.9 billion in fossil fuel investments that exacerbate climate change, according to reporting to national insurance regulators.
Consumer Watchdog’s review of public filings reveals nine of the 10 largest American insurance companies have considered the impact of climate change on their investments, but only two, AIG and Farmers, say that they have altered their investment strategy in response.
Consumer Watchdog Applauds Newsom Call for AG Action on CA Gas Price Gouging
Los Angeles, CA -- Consumer Watchdog said today that a new state report finding that major oil companies are overcharging their own stations in order to gouge California consumers vindicates the analysis that it has made since 2015 and requires new state laws to protect drivers.
The nonprofit nonpartisan consumer group applauded Governor Newsom’s call for an investigation and possible prosecution by the California Attorney General into the problem.
Gov Newsom Fires Top Oil Regulator & Institutes Sweeping Ethics Review of Agency In Response To Watchdog Report of Conflicts
Los Angeles, CA – Consumer Watchdog today thanked Governor Gavin Newsom for firing the state’s top oil and gas supervisor and instituting an ethics review of the state’s oil well approval and inspection process in response to its recent report of conflicts at the agency and request.
Watchdogs Call For Resignations & Permit Freeze As California Oil Regulators Approve Surge In Well Permits While Personally Invested In Oil Companies
Los Angeles, CA -- A review of state conflict of interest forms shows that eight regulators managing the state’s oil and gas well approval and inspection process have hundreds of thousands of dollars invested in the oil companies they regulate. One of the regulators is among the top three in command at the State’s Division of Oil, Gas, and Geothermal Resources (DOGGR).
Consumer Watchdog Applauds Governor Newsom’s Energy Commission Report Taking on Gas Price Manipulation
Los Angeles, CA -- Consumer Watchdog said today that the California Energy Commission under Governor Gavin Newsom is finally taking steps to confront artificially high gasoline prices in California by acknowledging the role of oil refiners' supply and retail price manipulation in sky-high pump prices.
Maui Utilities’ Junket While Paradise Burned Should Spark New Rules For Real-time Disclosure of Lawmaker Trips
Los Angeles, CA -- In a letter to California’s legislative leaders, Consumer Watchdog today wrote that the shocking details of a utility junket in Maui with 12 state lawmakers while wildfires destroyed the state should compel new immediate online disclosures about such trips.
