The California Energy Transition

The California Energy Transition

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The California Energy Transition
The California Energy Transition
Newsom Calls Special Legislative Session to Consider Tax on Oil Companies
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Gasoline and Fuels

Newsom Calls Special Legislative Session to Consider Tax on Oil Companies

Newsom dismisses criticism of California gasoline regulations and claims oil companies are price gouging.

Oct 10, 2022
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The California Energy Transition
The California Energy Transition
Newsom Calls Special Legislative Session to Consider Tax on Oil Companies
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Governor Gavin Newsom called for a special legislative session “to address the greed of oil companies.” Newsom stated at the time that “[g]as prices are too high. Time to enact a windfall profits tax directly on oil companies that are ripping you off at the pump.” A windfall profits tax is an additional tax on a sudden increase in profits for a particul…

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