California Takes Bold Steps to Hold Oil Companies Accountable for Carbon Emissions

California Governor Gavin Newsom has signed a new law that grants the state more authority to fine oil companies for major spills or hazards. The law, which will take effect on January 1, 2024, increases penalties to up to $70,000 per day for continuing violations and allows state regulators to request criminal enforcement. The legislation was prompted by a joint investigation by The Desert Sun and ProPublica, which revealed a lack of enforcement and fines collected by the state agency responsible for regulating fossil fuel companies. The new law aims to strengthen compliance and deter violations, ensuring better protection for communities and the environment.
- California Oil Companies Face Tougher Enforcement Under New Law ProPublica
- California will soon require large companies to report carbon emissions USA TODAY
- California lawmakers urge SEC to follow their lead in climate disclosure requirements CNBC
- Will California's New Climate Disclosure Rules Set a Standard? Knowledge@Wharton
- California poised for big climate moves after Newsom backs new laws OCRegister
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