Oil tax

San Ardo oil fields in Monterey County. (CBS)

Billionaire Environmentalist To Push California Lawmakers For Oil Tax

Billionaire environmentalist Tom Steyer said Monday that he will launch a campaign next year urging California lawmakers to approve taxes on companies that extract oil in the state.


Negotiations Continue in Budget Stalemate

LOS ANGELES (KCBS) Assembly Speaker John Perez said the key to reaching a budget deal for California is a new tax on oil.