$6 gas and refinery fears collide with California’s climate ambitions

By: Alejandro Lazo/CalMatters

Outlets: Nevada Current

Published: May 19, 2026

Words: 1,359

Last Updated: 3 weeks, 5 days ago

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This story was originally published by CalMatters.

California is considering handing oil refineries and other major polluters billions of dollars in free emission allowances just as the state says carbon reductions need to come faster than ever.

In the last six months, two refineries have closed and gas prices have topped an average of $6 a gallon as the Iran-Israel war sent oil markets into turmoil. The oil and gas sector

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