Source: Los Angeles Times
Shareholders of the nation’s largest natural gas utility could be forced to pay nearly $10 million after using customer money to fight public policies that could slow the climate crisis.
California officials are poised to levy the fine on Southern California Gas Co., which sells natural gas to millions of homes and businesses for heating and cooking, and to power plant operators for electricity generation. The fossil fuel is a major source of the heat-trapping carbon emissions that have caused worsening heat waves, wildfires, droughts and floods, and that are driving many species to extinction.
SoCalGas has engaged in a sweeping campaign to block clean energy measures that threaten its business model, including local bans on gas hookups in new housing and statewide efforts to encourage construction of all-electric homes.