Industry experts warn that mandates to electrify ports and rail transport will cost Californians jobs and raise costs for consumers across the country.
Economists criticize state energy policies and dismiss Newsom’s price gouging claims as “conspiracy theories inconsistent with economic logic and the available data.”
Policymakers are realizing that changing how the world’s fifth-largest economy produces and consumes energy is a massively complicated undertaking – and costs a lot of money.
Amid rising prices and a severe affordability crisis, Sacramento should be looking for ways to provide relief to working families. But instead, the state’s energy policies are only making matters worse.
Last year, Governor Newsom signed a law requiring oil companies to disclose costs and profit margins to the California Energy Commission. Here’s what it shows.
California is aggressively shutting down in-state oil and gas production, leading to higher gas prices as Californians are forced to rely on costly oil imports for basic energy needs.