Los Angeles County Bans Oil And Gas Drilling oilprice.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from oilprice.com Daily Mail and Mail on Sunday newspapers.
California has begun the public comment period for a regulatory initiative to end the issuance of new hydraulic fracturing (fracking) permits by January
That’s headline-catching news, but is it really a big deal for California’s oil industry?
The bigger news is that Governor Newsom has also asked the California Air Resources Board (CARB) to evaluate pathways to phase out all oil extraction across the state by no later than 2045.
“As we move to swiftly decarbonize our transportation sector and create a healthier future for our children, I’ve made it clear I don’t see a role for fracking in that future and, similarly, believe that California needs to move beyond oil,” Governor Newsom said.
The latest action comes less than two weeks after a bill that would have banned hydraulic fracturing in California along with most other ways of extracting crude oil failed to pass the state Senate’s Natural Resources and Water Committee by one vote.
Governor Newsom Takes Action To Phase Out Oil Extraction In California oilandgasonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from oilandgasonline.com Daily Mail and Mail on Sunday newspapers.