California's Oil Industry Battles Continue Amid Regulatory Delays and Profit Caps
TL;DR Summary
California regulators have halted plans to enforce penalties on oil companies for excessive profits until 2030, amid refinery closures and concerns over fuel supply stability, marking a shift in the state's approach to regulating the oil industry and addressing climate goals.
- California crowed that it 'finally beat big oil' 2 years ago. Regulators just halted the landmark penalty payments Fortune
- California sets aside penalties for high refinery profits Reuters
- California's climate windfall hits legal headwinds in big oil showdown AInvest
- E&E News: California regulators propose delaying refinery profit cap for 5 years POLITICO Pro
- Oil industry gains ground in California regulatory battle Oil & Gas 360
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