California Governor Gavin Newsom is seeking to impose further restrictions on California’s offshore oil industry, a setback to Sable Offshore and its controversial project off the coast of Santa Barbara County, Bloomberg’s Eliyahu Kamisher and Nathan Risser report. The regulation is seen as a way to alleviate environmental concerns from another proposal that would ease drilling permits in the state’s interior, with both proposals expected to be included in legislative text this week.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SO:
- Southern Company price target raised to $94 from $92 at Morgan Stanley
- The Southern Company Reports Strong Q2 2025 Earnings
- Southern Company price target raised to $95 from $93 at Mizuho
- Southern Company price target raised to $99 from $98 at Scotiabank
- The Southern Company Reports Stable Q2 2025 Earnings