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Tom Steyer eyes new oil tax and gas-price transparency
Tom Steyer eyes new oil tax and gas-price transparency

Wealthy Bay Area environmentalist Tom Steyer, who for weeks has been lambasting oil companies about gasoline prices, said Friday he was exploring another potential cudgel against the industry: ballot measures to tax oil extraction and require more public disclosure on pricing and supply. Laying the groundwork for a possible ballot battle next year, Steyer said he was attending this weekend’s state Democratic convention in Anaheim to “talk to a bunch of people and see where they put this in their priorities.” Ballot measures would require a “broad coalition” of support to be viable, he said. Steyer, a former hedge fund manager, declined to say whether he might...

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