California empowers regulators to penalize oil companies for making too much money

Link copiedIt was just a few weeks ago that California Gov. Gavin Newsom called the oil industry the second most powerful force on earth, trailing only Mother Nature in its ability to bend the elements — both physical and political — to its will.

The oil industry doesn’t mind a David vs. Goliath comparison “as long as you think we’re David and not Goliath,” Kevin Slagle, spokesperson for the Western States Petroleum Association, said about the industry’s influence at the state Capitol. “Just look at the results the last couple of years on legislation.”

“We’re never going to get it right, in terms of this transition , unless we minimize and mitigate the power and influence of big oil in this country,” said Newsom, now in his second term in office and widely seen as a potential presidential candidate beyond 2024. “They’re the biggest impediment to a just transition.”

Those donations did not always translate to favorable votes. New Assemblymember Esmerelda Soria, a Democrat who represents parts of the Central Valley, was the top beneficiary of money from a Western States Petroleum Association-affiliated committee. Soria voted Monday to support the legislation despite industry opposition.

That does not sound very democratic to me. Sounds communist though.

How about banning assault weapons

'Too much money' Who TF decides how much is too much? Pelosi, Newsome? Flipping criminals themselves.

Wait Joan Rivers said Michelle was transgender? Is this true?

Oil companies just need to leave California.

To Newsom and all the clowns that believe this will have any affect on oil companies. Oil is a globally traded commodity and the market sets the price. In democrat fashion they do things like this because they think you’re stup1d 🤷🏻‍♂️

Is this the Babylon Bee

Interesting!

Wait, what?😂😂😂😂

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‘We Finally Beat Big Oil': Gov. Newsom Signs Law Penalizing Oil Companies for Price GougingNewsom signed a new law that gives state regulators the power to penalize oil companies for making too much money, the first of its kind in the country. It’s the type of legislation the oil industry might have crushed in the past. But on Monday, the bill cleared the state Assembly with only one Democrat voting against it. Good! Only California? I wonder why? Communist Newsom
La source: nbcbayarea - 🏆 596. / 51 Lire la suite »

California lawmakers OK Newsom plan that could someday cap oil industry profitsThe 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. California is crumbling under the horrific 'leadership' of Newsom and decades of DEM super control but let's talk about beetles! Republican Assemblyman Bill Essayli blocks constituent comments on his Facebook page. Assemblyman Bill Essayli calls this a tax and then blocks constituents who disagree with him or try to engage discussion on his Facebook page.
La source: CalMatters - 🏆 261. / 63 Lire la suite »