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133 views • March 25, 2023

California’s Windfall Profits Penalty Bill on Oil Companies Sails Through State Senate

NTD News
NTD News
California’s first-of-its-kind bill to cap oil company profits and regulate the industry easily won approval in the state Senate on Thursday. Now, it moves to the Assembly for another round of considerations and debates. If passed by both chambers and signed by the governor, California would make history as the first state to implement a windfall profits penalty on the oil industry.
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