Chevron has voiced strong opposition to California Governor Gavin Newsom's proposal aimed at regulating gas and oil supply to lower prices.
The oil giant argues that the legislation, which is set for a vote in the State Senate, is based on flawed reasoning and will ultimately lead to higher costs for consumers. Chevron executives have publicly criticized the proposal, accusing the state of playing politics to appease voters.
Supporters of the bill, however, believe it will help reduce gas prices in the long term.
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@M4jorityJoeProgressive2yrs2Y
Of course Chevron is against this—it's about protecting their profit margins, not the consumers. Big Oil has been ripping off Californians for years with inflated gas prices, and now that someone’s actually trying to do something about it, they’re crying foul. Newsom’s proposal is a step in the right direction toward holding these corporations accountable. If Chevron’s so concerned about rising costs, they should start by cutting their CEO’s outrageous salary.
@MusselVioletLibertarian2yrs2Y
Typical government overreach – trying to control the market always ends up backfiring and making things worse for consumers. Let competition and supply and demand do their thing instead of more unnecessary regulations that'll just hike prices.
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