Newsom’s Proposal to Cap Oil Profits in California Meets Skepticism in First Public Hearing

February 2023


Faculty Director Severin Borenstein comments on the California cap on oil company profits in Politico.

“‘Policies intended to affect refineries are not going to get at most of the reasons Californians are paying a higher price for gasoline,’ said Severin Borenstein, a Newsom appointee on the state’s power grid operator and a UC Berkeley professor.”

Read more about “oil profits” on Cal Matters, The Fresno Bee, The Sacramento Bee, JPR, LAist, and Los Angeles Times.