California Attorney General Rob Bonta filed a comment letter opposing the Pipeline and Hazardous Materials Safety Administration’s consideration of Sable Offshore’s (SOC) request for a special permit to waive a safety regulation and transport oil through Lines CA-324 and CA-325 in Santa Barbara and Kern counties. “PHSMA illegally purports to assert exclusive federal jurisdiction over the onshore Lines CA-324 and CA-325 by reclassifying them as ‘interstate,’ and issued Sable an emergency permit waiving compliance with its own safety regulation requiring evaluation and remediation of pipeline corrosion,” Bonta said in a statement. Attorney General Bonta argues that” PHMSA is without jurisdiction to issue any special permit because the pipelines are intrastate, and therefore subject to state regulation by the Office of the State Fire Marshal rather than PHMSA.”
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SOC:
- Sable Offshore falls -6.7%
- Sable Offshore Stock (SOC) Gains on Finally Starting Oil Sales — Is This a Turning Point?
- Sable Offshore Resumes Santa Ynez Oil Sales, Ramping Output
- Sable Offshore begins oil sales from Santa Ynez Pipeline System
- Sable Offshore price target raised to $30 from $28 at Jefferies
