California lawmakers approved the nation's first penalty for price gouging at the pump, voting to give regulators the power to punish oil companies for profiting from the type of gas price spikes that plagued the nation's most populous state last summer.
California lawmakers approved the nation's first penalty for price gouging at the pump, voting to give regulators the power to punish oil companies for profiting from gas price spikes.California lawmakers on Monday approved the nation's first penalty for price gouging at the pump, voting to give regulators the power to punish oil companies for profiting from the type of gas price spikes that plagued the nation's most populous state last summer.
"When you take on big oil, they usually roll you -- that's exactly what they've been doing to consumers for years and years and years," Newsom told reporters after the vote. "The Legislature had the courage, conviction and the backbone to stand up to big oil."Legislative leaders rejected his initial call for a new tax because they feared it could discourage supply and lead to higher prices.
"If we force folks to turn over this information, I actually don't believe we'll ever need a penalty because the fact that they have to tell us what's going on will stop them from gouging our consumers," said Assemblymember Rebecca Bauer-Kahan, a Democrat from Orinda. "There's truly no other explanation for these historically high prices other than greed," said Assemblymember Pilar Schiavo, a Democrat from Chatsworth. "The problem is we don't have the information that we need to prove this, and we don't have the ability to penalize the kind of historic price gouging we saw last year."
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
California lawmakers OK potential fines for high gas pricesCalifornia lawmakers approved the nation’s first penalty for price gouging at the pump.
Consulte Mais informação »
California lawmakers approve nation's first penalty for gas price gougingOn Monday, California lawmakers approved the nation's first penalty for gas price gouging. It was an unusually fast process for a controversial issue, especially one opposed by the powerful oil industry, which has spent millions of dollars to stop it.
Consulte Mais informação »
California Lawmakers OK Potential Fines for High Gas PricesCalifornia lawmakers have approved the nation’s first penalty for price gouging at the pump.
Consulte Mais informação »
California lawmakers OK potential fines for high gas pricesCalifornia lawmakers have approved the nation's first penalty for price gouging at the pump.
Consulte Mais informação »
A 'Landmark Victory' for Consumers and Climate as California Passes Big Oil Price Gouging Law'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.
Consulte Mais informação »
California lawmakers pass country's first penalty for gas price gougingJust a week after the legislation was introduced, California lawmakers passed the country's first penalty for price gouging at the pump. Gov. Gavin Newsom is expected to sign the bill.
Consulte Mais informação »