Late Friday evening the California Air Resources Board (CARB) approved new amendments to the Low Carbon Fuel Standard (LCFS), likely sending gas prices in California, Arizona, and Nevada higher beginning next year. California’s LCFS program was established in 2011, ostensibly to reduce emissions from transportation. However, the new amendments – , which target a 30
Read More...With less than a month before election day, California Governor Gavin Newsom signed new refinery supply mandates into law, threatening to hike gas prices not just in California, where prices now top $4.68/gallon, but also in swing neighboring states like Arizona and Nevada. The bill, which was introduced in a special session convened by the
Read More...On Tuesday, the California State Assembly approved Governor Gavin Newsom’s new refinery supply mandate, which now heads to the state Senate. The proposed legislation will require oil refiners to keep a minimum gas reserve on hand, and gives the California Energy Commission the power to require oil refiners to provide resupply plans to address losses
Read More...With election season in full swing, California Governor Gavin Newsom officially called a special session to push new mandates on refiners over the weekend, threatening to send gas prices higher across the Western United States. The State Assembly is reportedly set to hold hearings on the measure in the coming weeks, while in a historic
Read More...After failing to find any evidence of price gouging under a new law enacted last year, it appears California Governor Gavin Newsom has decided to pivot from price controls to new regulations for refiners. This week California Governor Gavin Newsom proposed a new law that would institute a minimum gas reserve requirement for refiners that
Read More...The state of California issued a new report that acknowledges potential margin regulations on retail gas dealers may make gas price spikes even more painful for consumers. The report, released last week by California Energy Commission (CEC) staff, assessed the feasibility of a variety of proposals to rein in gas prices under the state’s gas
Read More...California Governor Gavin Newsom’s campaign to blame oil companies for alleged gas price gouging is falling flat with voters, according to a recent poll. The survey, conducted in June on behalf of a firm active in California’s carbon credit marketplace, shows Californians overwhelmingly blame the state’s gas tax and uniquely burdensome regulatory requirements for high
Read More...This week, California Attorney General Rob Bonta filed an amended complaint in the state’s climate lawsuit doubling down on greenwashing allegations and appealing to a new state law that gives the attorney general a backdoor to seek damages in the form of oil companies’ profits without even attempting to show harm to California consumers. Facing
Read More...Professor Severin Borenstein from the Energy Institute at UC Berkeley’s Haas School of Business, one of the preeminent experts on California’s energy market, expressed reservations about a budding effort by California Governor Gavin Newsom to implement profit restrictions and penalties on California refiners. Soaring gas prices remain a top concern for many Californians, with state
Read More...California’s relentless war against oil and natural gas companies is poised to increase costs not only in California but also in the battleground states of Nevada and Arizona. But when California Attorney General Rob Bonta took to the stage at San Francisco Climate Week last month to promote the Golden State’s climate suit against the state’s energy producers, he had
Read More...California’s crusade against energy production is kicking into high gear with a series of bills, lawsuits, and new laws that threaten to send prices even higher across the Golden State. It’s no secret the state’s hostility towards oil and natural gas has already led to the highest gasoline prices in the country, rolling blackouts, increased
Read More...The state of California recently issued proposed regulations to ban fracking outright, threatening thousands of jobs and billions in economic activity in the Golden State. The proposed rules, issued by the Department of Conservation’s Geologic Energy Management Division this month, fulfill a 2021 order from Gov. Gavin Newsom to issue regulations aimed at ending fracking
Read More...Questions continue to swirl around California’s climate lawsuit, launched by Governor Gavin Newsom and Attorney General Rob Bonta in September. The latest, however, centers around the involvement of Center for Biological Diversity (CBD), a well-known national “Keep It In the Ground” group tied to a variety of anti-energy billionaires whose fingerprints are seemingly all over the case. New emails obtained by Government Accountability
Read More...California’s hostile energy policies have led to the highest prices at the pump in the nation, rolling blackouts, increased foreign imports to keep the state running, and as seen in news this week, made investments in oil and gas production and refining increasingly risky. Just last month California Attorney General Rob Bonta traveled to COP28
Read More...A recent string of laws from the Golden State makes California Governor Gavin Newsom’s strategy on climate and energy policy crystal-clear – rack up the headlines first and sort out the policy details later. At a splashy press conference in March, six months after announcing that California needed to address high gas prices, Gov. Newsom
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