Newsom Calls Special Legislative Session To Investigate Big Oil Price-Gouging
Proposed tax would target oil companies' record profits.
Published Oct 7, 2022
Proposed tax would target oil companies' record profits.
For Immediate Release
Sacramento, CA – At a news conference today, Governor Gavin Newsom called a special session of the Legislature to investigate oil companies for hiking gas prices when inflation is hitting Californians’ wallets, and institute a windfall tax on oil profits. Details are scarce on the proposed legislation, but Newsom indicated a special session would happen before the November election.
Food & Water Watch’s California Director Chirag G. Bhakta issued this statement in response:
“We’re relieved to see Governor Newsom holding Big Oil executives accountable for price-gouging Californians, but the fact remains that the only way to truly end the fossil fuel industry’s extractive hold on our climate and communities is to get rid of fossil fuels entirely. The strongest stance Newsom can take after this first step is to stop granting fossil fuel permits immediately and start a transition to equitable, clean energy.”
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Contact: Jessica Gable, (202) 683-2478, [email protected]
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Press Contact: Jessica Gable [email protected]
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