Gas giant plows M into ‘Stop Steyer’ crusade to unseat billionaire as governor favorite

A California utilities giant has gone into combat mode to stop progressive billionaire Tom Steyer’s bid for governorship and his plan to “break up electric monopolies.” Pacific Gas & Electric contributed close to $10 million to an anti-Steyer PAC called Californians for Resilient and Affordable Energy, according to state campaign disclosures filed this month. The political action committee, which is funding another committee named California Is Not For Sale, has been blasting ads against Steyer across sceens. Most recently, they aired an ad taking advantage of Steyer’s gaffe on last Wednesday’s debate stage, where the candidate said that “me paying…

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Delta CEO Ed Bastian sparks backlash after revealing what’s really driving sky-high ticket prices

Air travelers hoping for some relief on soaring ticket prices may not get it anytime soon — even if fuel costs drop, according to reports. One airline CEO in particular is facing backlash after suggesting the company may not lower the high fares even if oil prices stabilize, comments that quickly sparked anger among travelers online. During an earnings call earlier this month, Delta Air Lines CEO Ed Bastian indicated the airline would “retain any of the pricing strength” gained amid the current environment, even if fuel prices decline.  He added that lower fuel costs would “help us boost our margins this…

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