The California Assembly handed Gov. Gavin Newsom a long-awaited win on Monday, approving his revised proposal to punish alleged price gouging by oil companies and sending the measure to his desk for a signature.
that she was unsure the governor could come up with a plan that she could get behind. But on Monday, Irwin was the Assemblymember who brought SBX1-2 up on the floor, touting how it incorporated feedback from lawmakers.
Irwin told CalMatters last week that the primary concern she had expressed to the governor was that the Legislature lacked the data and the expertise to set an appropriate fine itself. That’s addressed by new requirements for oil companies to report additional information to the state about their operations and also by moving the penalty to a regulatory process, which Irwin said offered a “longer-term solution.
Newsom plans to sign the bill late this afternoon. Leaving the state Capitol on Monday, he told reporters assembled in the hallway that the vote had sent “a big and very powerful message” to the oil industry and others who may be watching California.“I hope this is a signal to other states and leaders across this country and around the globe that we can see the future, and I’m looking forward to this being a hinge moment.
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