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Gavin Newsom Slams Trump's Reported California Drilling Push As IEA U-Turns To Predict Global Oil Demand Growth Until 2050 - SPDR Select Sector Fund - Energy Select Sector (ARCA:XLE), SPDR S&P 500 (AR
Benzinga· 2025-11-12 13:02
California Governor Gavin Newsom strongly opposed the Trump administration’s reported intentions to expand offshore drilling in California, as the International Energy Agency (IEA) on Wednesday predicted global oil and gas demand could grow until 2050. Newsom’s Strong OppositionNewsom, during a press conference at the COP30 climate conference in Brazil,  voiced the widespread disapproval of offshore drilling in California, cutting across party lines. He dismissed the Trump administration’s reported plans as ...