Gavin Newsom

“We Have an Emergency”: Newsom’s Climate Obsession Could Wreak Havoc California’s Oil Industry

(ZeroHedge)—The oil-and-gas industry is sounding the alarm over a tightening of California's cap-and-invest program, warning that stricter emissions caps could drive up gasoline prices and jeopardize the viability of in-state refining. The California Air Resources Board is advancing amendments to the cap-and-invest framework, a market-based mechanism requiring major emitters to...

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