“California’s price gouging penalty is simple – either Big Oil reins in the profits and prices, or they’ll pay a penalty,” Gov. Gavin Newsom said in a statement.
Gov. Gavin Newsom on Monday unveiled an outline of his plan to place a cap on oil refinery profits in California, a proposal he’s asking lawmakers to approve in hopes of reducing future spikes on gasoline prices.
“After so many months of talking about this, we would have thought the governor would have had more details on this windfall profits tax,” said Kevin Slagle, a spokesperson for the WSPA. “To open it up and see no details on thresholds or what this penalty is and looks like and no details on the transparency side of things, it makes us wonder if this is a real public policy discussion or more of the politics we’ve seen from this governor.
The governor’s proposal also calls for new regulatory review and oversight, giving the Energy Commission expanded authority to investigate supply and price issues. Though the two sessions run concurrently, any legislation passed within the parameters of the special session can take effect 90 days after adjournment. Bills approved in regular session generally do not become law until the start of next calendar year. In the special session, legislative leaders also have an opportunity to craft unique rosters of lawmakers for committees that could make it easier to approve controversial new bills.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
California Gov. Newsom pushing for oil company penalties in special sessionCalifornia Gov. Gavin Newsom is convening a special legislative session Monday urging lawmakers to pass a 'price gouging' penalty on oil company profits.
Consulte Mais informação »
Gov. Newsom Calls a Special Session on High Gas PricesGov. Gavin Newsom will look at ways of lowering gas prices during a special legislative session Monday.
Consulte Mais informação »
California lawmakers to meet, eye big oil’s high gas pricesFurious about oil companies’ supersized profits after a summer of record-high gas prices, California Gov. Gavin Newsom on Monday will formally start his campaign to punish big producers by asking t…
Consulte Mais informação »
Newsom proposes measure to crack down on price gouging by oil companiesGov. Gavin Newsom is proposing a crackdown on price gouging by oil companies, by imposing penalties on excessive profits that would be refunded to Californians.
Consulte Mais informação »
Newsom proposes measure to crack down on price gouging by oil companiesGov. Gavin Newsom is proposing a crackdown on price gouging by oil companies, by imposing penalties on excessive profits that would be refunded to Californians.
Consulte Mais informação »
Jury in Harvey Weinstein trial resumes deliberationsFormer Hollywood producer Weinstein, now 70, is charged with seven sex-related counts involving the four women, including Gov. Gavin Newsom's wife, Jennifer Siebel Newsom.
Consulte Mais informação »