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0.000466200466200539 -0.00372960372960365 -0.00186480186480183 -0.0167832167832168 -0.0251748251748251 -0.0275058275058275 -0.0275058275058275 -0.0275058275058275
Stock impact report

California's battle with a Texas offshore oil firm escalates with new lawsuit [Los Angeles Times (CA)]

Sable Offshore Corp. (SOC) 
Now, California's feud with Sable Offshore Corp. has spread to the Trump administration. On Friday, California Atty. Gen. Rob Bonta announced that he had filed suit against the federal government, alleging that the Pipeline and Hazardous Materials Safety Administration had usurped jurisdiction of Sable's oil pipelines in an “unlawful power grab.” “California has seen first-hand the devastating environmental and public health impacts of coastal oil spills — yet the Trump Administration will stop at nothing to evade state regulation which protects against these very disasters,” Bonta said in a statement Friday. “California will not stand idly by as the President endangers California's beautiful coastline and our public health to increase profits for his fossil fuel industry friends.” The attorney general's petition, filed in the U.S. Court of Appeals' Ninth Circuit, challenges PHMSA's attempt to federalize oversight of the onshore pipelines and its recent approval of Sable's rest Show less Read more
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