California committed that he “finally won a large oil” two years ago. Organizers stopped the historic penalty payments

The postponement of the California Energy Committee until 2030 after two oil armies announced nearly 18 % of the state’s refining capacity for their plans to close in the coming months. The committee has the authority to implement a penalty, but it has not done so since it was given that authority in 2023.

The punishment is part of the government of the ruler of the ruler of Democrat Gavin Gavin and the ambitious goals of the state to reduce climate change. The state faces challenges in its efforts to take over the oil industry while ensuring stable fuel supplies at reasonable prices. His administration also suggests that the approvals of new oil wells in the current oil fields are also suggested in an attempt to maintain stable fuel supplies.

Seifa Jundda, Vice -Chairman of the Committee, said that the state does not “decline” its efforts to impose fossil fuels, but it must give priority to protecting consumers in the gas pump.

He said: “I personally think that this temporary suspension will be useful to ensure that this medium transition is smooth.”

The committee is still planning to set rules that require oil refineries Keep the minimum fuel level on hand To avoid deficiency when refineries deal with non -communication mode for maintenance.

Jimmy Court, head of the Consumer Control Authority that supported the law, said the Energy Committee’s vote “is basically a gift for industry.”

He said, “I am really disappointed and disgusted by newsom.” “I feel just a fully face. In the end, it will lead to high prices.”

But the Western Petroleum Society recommended that the state postpone a 20 -year penalty.

“While today by CEC did not go beyond a full legal cancellation or a temporary stop for 20 years, it represents a step required to provide some certainty in the California fuel market,” CEO Catherine Rehees Boyd said in a statement. “The vote explains CEC that imposing this failed policy was likely to exacerbate fears of investing in contributing to the closure of the last refinery in California.”

In 2022, Newsom called the legislature to a special session to pass a law aimed at Accounting of oil companies To earn a lot of money after a summer of high gas prices in California. Ruler Law In the following year, the Energy Committee allows the punishment of oil companies to obtain excessive profits.

The law also requires oil companies to report more data about their operations to the state. It has established an independent section of the committee to oversee the oil and gas industry and provide guidance to the country on energy transmission.

The Newsom Office thanked the Energy Committee for voting to postpone the implementation of a penalty, saying it is a “wise step” towards stabilizing the oil market.

“When the New New legislation signed this legislation two years ago, he promised that we will use the new transparency tools to look under the cover of the oil and gas market, which was a black box for decades,” a spokesman for Daniel Villasinor said in a statement. “We did so exactly.”

Julia Stein, Deputy Director of the Climate Institute at the University of California Law Faculty of Los Angeles, said state officials are still determined to make their efforts to move away from fossil fuels.

“But I think there is also a feeling at the state level that we are entering a different stage of transition, as some of these problems will be made more severely,” she said. “People are now trying to understand how they will approach it in an actual time.”

California has the highest gas prices in the country, which is largely due to taxes and environmental regulations. Regular gas prices reached $ 4.59 per gallon on Friday, compared to a national average of $ 3.20, according to AAA.

The committee has not determined what could be considered an excessive profit under politics.

Severin Burnstein, an economist and professor of public policy at the University of California, Berkeley, said that a penalty may be fraught with risks for the state because it may unintentionally inhibit production and raise prices.

He said of state officials: “It is very clear that they are turning towards more focus on the ability to bear costs and recognize that the high prices in California may not be linked to actual refinery operations.”

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