by Katy Grimes, E&E Legal Senior Media Fellow and California Globe Editor
As Appearing in the California Globe
We are witnessing political science and not climate science
Californians pay the highest income taxes in the nation, have the highest taxes on the wealthy, highest gas taxes and highest gas prices at the pump, highest housing prices, highest energy prices, most regressive taxes hurting the poor… need we keep going? California Gov. Gavin Newsom’s latest proposal is a new tax on oil suppliers, and will only serve to make gas prices even higher.
But CLIMATE CHANGE!
Gov. Newsom continues to demonize the oil and gas industry for “windfall oil company profits,” while patting himself on the back for “taking action to lower prices at the pump, by ordering the switch to winter-blend gasoline.” He also is “demanding accountability from oil companies and refiners that do business in California,” by calling for a windfall tax on oil companies, claiming that money “would go directly back to California taxpayers.”
We don’t believe for a minute that Gov. Newsom is woefully ignorant of the supply and demand economic model of price determination in a market. So that means the governor is relying on politics and deceit.
California’s record-high gas prices have been as high as nearly $8.00 per gallon in some locations.