Five tri-county economic trends we’ll be watching in the New Year
Conventional wisdom holds that with a federal budget in hand, a financial system on the mend, rising housing prices and steady job growth, 2014 ought to be a pretty darn good year.
Read More →California Energy Commission awards grants to two regional research projects
Ron Pretlac of GreenTech Motors Corp. in Westlake Village and Peter Jardine of Shape Change Technologies in Thousand Oaks will receive almost $95K each from the Energy Innovations Small Grant Program.
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Emissions cap prompts oil firm backlash
Santa Barbara County’s decision to impose a strict cap on carbon emissions from a proposed oil project puts the county at a competitive disadvantage in California and likely will cut into the money energy firms pump into the regional economy.
The Board of Supervisors voted 3-2 on Nov. 12 to require Santa Maria Energy to cap its carbon emissions at 10,000 tons per year. Santa Maria Energy had proposed 136 wells for a site near Orcutt.
Santa Barbara County’s oil is thick and viscous. In order to extract it, companies inject steam into wells to soften the oil. Burning natural gas to create the steam is what generates the bulk of carbon emissions.
Read More →Special comment: Ventura County’s energy landscape
Ventura County has an diverse array of energy assets, but the rules are going to have to change if innovation is going to flourish in the region.
That was my takeaway after moderating two panels on the future of energy at the Ventura County Economic Development Association’s annual business outlook conference on Oct. 25.
Read More →Burning questions: Oil field project tests emissions rules in SB County
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