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0.00257400257400252 0.0115830115830116 0 -0.00707850707850716 0.00257400257400252 -0.0103861003861004 0.00790218790218789 0.0566924066924066
Stock impact report

California blocked Houston-based Sable Offshore's pipeline permit. Then a federal agency stepped in. [Yahoo! Finance]

Sable Offshore Corp. (SOC) 
Company Research Source: Yahoo! Finance
According to a U.S. Securities and Exchange Commission filing made public Wednesday evening, Sable Offshore's contested pipeline connecting its Santa Ynez Unit to an onshore facility in California has been reclassified as an interstate pipeline. The move seemingly revokes the state and Santa Barbara's authority over the pipeline and permitting process and instead gives it to the Pipeline and Hazardous Materials Safety Administration , an arm of the Trump administration. DRILL BABY DRILL: Exclusive: Leaked documents detail Trump's plans to open East and West coasts to offshore oil drilling Sable previously asked the administration for its support in its fight with California regulators. Energy Sec. Chris Wright signaled support for the project in October, criticizing the state in a post on X for "blocking oil production off California's coast." But the administration has yet to publicly comment on the Wednesday move. The company spent the better part of a year working to ful Show less Read more
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