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0 0.0189035916824198 -0.0141776937618148 -0.0113421550094517 0.0151228733459357 0.0141776937618148 0.0113421550094519 -0.0103969754253308
Stock impact report

California sues the Trump administration over plans to restart oil pipelines along the coast [Yahoo! Finance Canada]

Sable Offshore Corp. (SOC) 
offshore oil drilling for the first time in decades. The administration has hailed the project by Houston-based Sable Offshore Corp. to restart production in waters off Santa Barbara damaged by a 2015 oil spill as the kind of project President Donald Trump wants to increase U.S. energy production The state oversees the pipelines that run through Santa Barbara and Kern counties, said Democratic Attorney General Rob Bonta. “The federal administration has no right to usurp California's regulatory authority,” he said at a news conference. “We're taking them to court to draw a line in the sand and to protect our coast, beaches and communities from potentially hazardous pipelines.” But the U.S. Transportation Department agency that approved Sable's plan pushed back on the lawsuit. “Restarting the Las Flores Pipeline will bring much needed American energy to a state with the highest gas prices in the country,” said a spokesperson with the Pipeline and Hazardous Materials Safety Ad Show less Read more
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