SACRAMENTO - Governor Newsom may be abandoning his plans to hold Big Oil Companies accountable for the state's high gas prices.
Governor Newsom's office unveiled plans Wednesday to empower a yet-to-be-established watchdog group within the California Energy Commission to go after Big Oil for the state's high gas prices. The Sacramento Bee reports the move could delay Newsom's plan to hold oil giants accountable by several months if not indefinitely.
This comes after state lawmakers and energy analysts could not come up with a strategy to address the high gas costs and how to penalize oil company profits. Despite the change in direction, Newsom claims the state is making progress with the state legislature with holding Big Oil accountable.