California has introduced stricter regulations on fuel sold in the state, aiming to reduce its reliance on fossil fuels. The new rules will increase the carbon intensity threshold for fuels, which could lead to higher prices at the pump. Despite concerns about added costs, the move is part of California’s effort to accelerate its shift towards cleaner energy sources. This decision comes as Governor Gavin Newsom faces an affordability crisis, with rising housing and energy costs affecting the state’s economy.
Source: https://www.bloomberg.com/news/articles/2024-11-09/california-toughens-climate-fuel-rules-despite-possible-cost