"Kevin O'Leary Criticizes Gov. Newsom's Energy Policies Amid Chevron's Profit Warning"
Kevin O'Leary criticized California Governor Gavin Newsom's management of the state's energy policies, which he believes are uncompetitive and detrimental to business, particularly after Chevron projected a profit hit of up to $4 billion due to these policies. O'Leary, a prominent investor, expressed his preference for investing in states with more favorable regulatory environments for energy companies. The criticism comes amidst California's aggressive climate action plan aiming to significantly reduce greenhouse gas emissions and gas consumption by 2045, and the state's legal actions against major oil companies for their role in climate change.