California Gov. Newsom Proposes Windfall Profits Tax on Big Oil

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California Gov. Newsom Proposes Windfall Profits Tax on Big Oil
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“Crude oil prices are down but oil and gas companies have jacked up prices at the pump,” noted Newsom.

On Friday, the European Union

Guterres’ windfall tax proposal would direct those funds: “to countries suffering loss and damage caused by the climate crisis; and to people struggling with rising food and energy prices.”

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