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KTTV TV-11 FOX - Los Angeles: Consumer Group & Billionaire Team Up To Take On Big Oil

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KTTV TV-11 FOX - Los Angeles

NextGen Climate Founder and businessman Tom Steyer joined Consumer Watchdog today to release a new report on California oil refiner price gouging. The new report used corporate and state data to analyze refiner profits in the state, which have grown exponentially since California's price spike began in February.

If calls on elected officials do not spur an investigation or legislative solutions, Tom Steyer outlined a potential ballot initiative to rein in the price gouging.