California regulators have postponed enforcement of penalties on oil companies for excessive profits until 2030, following refinery closures that reduce state refining capacity by nearly 18%. This delay marks a retreat from Governor Newsom’s earlier stance on combating oil industry dominance. While the state continues efforts to ensure fuel supply stability, including temporary oil well approval streamlining, some consumer advocates view the postponement as favoring industry interests. The decision occurs within broader challenges balancing climate goals and energy affordability in California.