After soaring California prices, independent watchdog would ensure industry plays by rules, says Sen. Nancy Skinner.
While oil companies were raking it in last year, Californians were paying for it in record high gas prices — $2.61 per gallon higher than the national average.Exxon collected $6.3 million an hour. Chevron last year doubled its 2021 profits and boasted about “outstanding results” in an earnings call. Valero made nearly 10 times more.
But enough talk. It’s time to do something about it — that’s why we’re going to hold them accountable. Our proposal includes a first-of-its-kind independent watchdog that would monitor California’s petroleum market to ensure the industry plays by the rules. The division would have access to new information required by law, subpoena power to compel data and records that would reveal shady practices, and direction to refer violations of law to the state attorney general for prosecution.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Big changes — and a big chance at rebounding — are coming to SLC’s western gatewaySalt Lake City and private developers have big plans for the North Temple area.
Consulte Mais informação »
College basketball is better when the Big East is bigYou know what would be great for this sport, particularly as its biggest regular-season draw, Duke-Carolina, transitions into a new era?
Consulte Mais informação »
PolitiFact - Gov. Greg Abbott says Texas is No. 1 state for business, but is it?Gov. Greg Abbott said Texas has been the No. 1 state for business every year he’s been governor, but that comes from one magazine’s ranking. Other well-respected sources have Texas ranked lower.
Consulte Mais informação »
Florida Gov. Ron DeSantis Proposes Law to Ban CBDCsA legislative proposal from Florida GovRonDeSantis would prohibit the use of a national CBDC as money within the state. The governor's statement calls on other states to adopt similar legislation.
Consulte Mais informação »
Georgia Republicans send anti-trans minor health care to Kemp's deskGeorgia Senate Republicans gave final approval to a ban on gender affirming health care for trans minors, sending the bill to Gov. Brian Kemp.
Consulte Mais informação »