. They supported Senator Skinner’s bill, which was introduced alongside a similar proposal from Governor Gavin Newsom.generating “excessive profits.” It would require the operators of California oil refineries to submit an activity report to the State Energy Resources Conservation and Development Commission within 30 days of the end of each month.
It would also establish an as yet unspecified maximum gross refining margin, and would allow the commission to issue an administrative civil penalty if a refiner exceeds the limit, which can be adjusted each year. According to Raquel Mason, a policy manager for the California Environmental Justice Alliance, one of the groups that signed the letter to the state senate, penalties against oil refiners are necessary because “they tripled corporate profits in 2022 amid record prices at the pump for working class Californians.”
'Excessive profits'? Isn't this America?