'Whether it's price gouging at the pump or drilling in people's backyards, Big Oil's days of harming our health and our pocketbooks must end,' says CenterForBioDiv's KassieSiegel as California passes a law aimed at fossil fuel companies' price gouging.
"Whether it's price gouging at the pump or drilling in people's backyards, Big Oil's days of harming our health and our pocketbooks must end," said one advocate.Climate and consumer advocates on Tuesday hailed California lawmakers' passage of legislation aimed at tackling Big Oil price gouging as the proposal headed to the desk of Democratic Gov. Gavin Newsom, who said he will sign the measure into law.—authored by state Sen.
The new law will allow the CEC to levy daily fines of $5,000-$20,000—up to a maximum of $500,000—if a company does not provide the agency with data to determine if it is complying with the legislation. CEC fines are currently capped at $2,000.Monday"a big day for consumers, a big day for Mother Nature, and a big day in this country."
"I'm very, very pleased as a taxpayer, as a Californian, and as an American," he added."I hope this is a signal to other states."
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