California Governor Gavin Newsom is seeking to impose further restrictions on California’s offshore oil industry, a setback to Sable Offshore (SOC) 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.
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