The Progressive

NewsWire

A project of Common Dreams

For Immediate Release
Contact:

Jessica Gable, jgable@fwwatch.org

Newsom Calls Special Legislative Session To Investigate Big Oil Price-Gouging

Proposed bill would tax oil companies' record profits.

WASHINGTON

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."

Food & Water Watch mobilizes regular people to build political power to move bold and uncompromised solutions to the most pressing food, water, and climate problems of our time. We work to protect people's health, communities, and democracy from the growing destructive power of the most powerful economic interests.

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