California AG Announced Passage of Law Improving State Oversight of Gas Industry

MARCH 28, 2023

California Attorney General Rob Bonta announced that the Governor signed legislation that increases accountability and transparency in the gas and oil industry, which AG Bonta had cosponsored. The law—which will go into effect June 26, 2023—created a “dedicated, day-in and day-out, independent watchdog to root out price gouging by oil companies and authorizes the California Energy Commission (CEC) to create a penalty to hold the industry accountable.” It In a statement, AG Bonta said: “Record high retail gas prices — and record-breaking profits for Big Oil — hurt those who can least afford it most of all. For too long, Californians have been left in the dark when it comes to the practices of the gas industry. And while oil companies have been lining their pockets, many Californians are struggling to make ends meet. I proudly stand with the Governor as he signs into law our cosponsored bill to bring accountability and transparency to the gas industry. Together, we are fighting to even the scales for California consumers and take this burden off their shoulders.”