California energy regulator recommends pause on plan to penalize excess oil profits

California energy regulator recommends pause on plan to penalize excess oil profits

A California Energy Commission official is recommending a pause on Gov. Gavin Newsom's plan to penalize oil companies if their profits climb too high

FILE – The Salesforce Tower and skyline are shown behind the gasoline price board at a gas station in San Francisco, July 20, 2022. (AP Photo/Jeff Chiu, File)