SACRAMENTO, Calif. — Since early fall, Gov. Gavin Newsom has been loud and adamant about punishing "greedy Big Oil" for its "windfall" profits. But talk is cheap. He still hasn't produced a detailed plan.
And the Legislature, which must approve any plan, hasn't shown much enthusiasm.
Newsom dramatically called a special session of the Legislature in early December to slap oil companies with a windfall profits tax. The "T" word ultimately was switched to "penalty" to make it seem more like a fee.
