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Ukraine-Russia war may undermine California’s climate change legislation

The shock to the global financial system of the war between Russia and Ukraine is not only increasing the cost of gasoline in the US. as well as state efforts to reduce oil and gas production.

Although the US is banning Russian energy imports, California does not depend on Russia for oil or gas. However, the industry is already aggressively pushing the Newsom administration to approve more than 1,000 permits for new production to help “reduce the need to increase imports from foreign sources, such as Russia,” he said. Western States Oil Association in a statement. Experts tell Capital & Main that this will do nothing to stop rising gas prices in the short term.

Ukraine-Russia war may undermine California’s climate change legislation Source link Ukraine-Russia war may undermine California’s climate change legislation

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