Key facts
- California's energy regulator is open to working with the Trump administration on issues like gas prices.
- The regulator criticized the Trump administration's energy policy approach.
- The Trump administration is exploring setting up a strategic petroleum reserve in California.
- The Trump administration is considering supporting oil production in California.
- Xavier Becerra pledged to keep Californians insured after federal cuts.
- Becerra proposed taxing large businesses to cover the insurance shortfall.
- Becerra urged the healthcare industry to reduce waste and lower costs.
California's energy regulator has indicated a willingness to work with the Trump administration on specific energy-related matters, including efforts to reduce gas prices. However, this openness is coupled with criticism regarding the administration's overall approach to energy policy. The Trump administration, in parallel, is reportedly exploring the feasibility of establishing a strategic petroleum reserve located within California. Additionally, the administration is considering measures to support and increase oil production within the state.
In a related but distinct political development, Xavier Becerra, a Democratic candidate for governor, has made a commitment to ensure that all residents of California retain their health insurance coverage. This pledge comes in the face of potential federal funding cuts that could impact insurance availability. To address the anticipated shortfall, Becerra has put forth a proposal that involves implementing a tax on large businesses. He has also called upon the healthcare industry to actively pursue strategies for reducing waste and lowering overall costs.