Venoco drops Ellwood drilling plans
Venoco has dropped its plans to expand oil drilling from its Platform Holly off the coast of Santa Barbara County. In a brief letter sent to the California State Lands Commission on Nov. 9 and widely circulated by environmental groups on Nov. 16, Venoco said it “hereby withdraws its application for its Ellwood Full Field Read More →
Read More →California’s chips are all in on green
One thing is clear from this year’s election results: California will bet a big chunk of its economic future on alternative energy. The resounding defeat of Proposition 23, which would have rolled back the Golden State’s cap-and-trade regime, came at the hands of a big coalition of venture capitalists, environmentalists and traditional business leaders bent Read More →
Read More →Oil company association tarred Prop. 23
Perhaps no ballot proposition divided California’s business community more than Proposition 23, the effort to kill California’s 2006 carbon emissions law. The initiative failed by a 61-39 margin. Had it passed, it would have suspended AB 32 until California’s unemployment rate stayed below 5.5 percent for a year, which has happened only a handful of Read More →
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