California energy regulators Friday put the brakes on plans requiring oil companies to pay a penalty if their profits climb too high, a temporary win for the fossil fuel industry two years after the governor declared the state had “finally beat big oil.” The postponement by the California Energy Commission until 2030 comes after two oil refineries accounting for roughly …
Read More »California crowed that it ‘finally beat big oil’ 2 years ago. Regulators just halted the landmark penalty payments
