California Oil Industry Fights Cap-and-Invest Update
Fresno News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Oil industry groups in California are opposing a proposed update to the states cap-and-invest program, citing potential financial hits and higher gas prices. The Western States Petroleum Association and PBF Energy, which runs two major refineries, have expressed concerns about the plans impact on local refiners and potential job losses. However, environmental advocates argue that the program prioritizes household affordability and pollution reduction, potentially saving lower and moderate-income Californians $860 million through 2045.
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