By trading a windfall profit tax on oil companies for a more nuanced approach, California can set an example for policy that protects consumers and leaves responsible firms unharmed, says BenWinck.
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New California gas price law gives regulators power to penalize 'big oil'Governor Gavin Newsom signs new gas price law, first of its kind in the country, that would allow state regulators to penalize oil companies over price gouging. 'We proved we could finally beat big oil,' Newsom said after signing the bill.
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California empowers regulators to penalize oil companies for making too much moneyCalifornia Gov. Newsom has signed a new law giving state regulators the power to penalize oil companies for making too much money, the first of its kind in the country. “We proved we could finally beat big oil,” Newsom said after signing the bill.
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California Gov. Newsom hails new price gouging law: 'California took on Big Oil and won''We proved we can actually beat big oil,' Newsom said during a signing ceremony in the state Capitol today.
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Bank regulators blame SVB collapse on 'textbook' mismanagement during Senate grillingThe country's top banking regulators faced a grilling from lawmakers in a Senate committee hearing about who was responsible for the the failures of Silicon Valley Bank and Signature Bank.
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Advocates call on regulators to reject natural gas rate increasesConsumer advocates, environmentalists and Chicago residents gathered in front of the Chicago offices of Peoples Gas this week to call on the Illinois Commerce Commission to reject a proposed rate increase from the gas utility.
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EU regulators clear Google's maths app dealEU antitrust regulators gave unconditional approval for Alphabet unit Google's acquisition of Croatian maths app Photomath, the European Commission said in a statement on Tuesday.
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