Column: Column: Newsom promised to punish "Big oil" for profiteering, but so far it's just talk

Key Facts

Newsom dramatically called a special session of the Legislature in early December to slap oil companies with a windfall profits tax.
“While Californians were being ripped off at the pump last year, Big Oil’s bottom line ballooned to levels never seen before in history — making record profits off the backs of hard-working families,” Newsom said in a recent statement after oil companies reported making more money than ever in 2022.
“The governor has been doing a good job reaching out to the Senate.
Meanwhile, Newsom faces a new potential hurdle besides the Legislature and inevitable lawsuits in his attempt to punish oil profiteers.