A federal judge has ruled that Interior Department officials must disclose communications with Sable Offshore (SOC) related to permitting decisions for the company’s controversial Santa Barbara, California, pipeline system, Bloomberg’s Taylor Mills reports. The Interior Department has been ordered by Judge Michelle Williams of the U.S. District Court for the Central District of California to disclose internal deliberative materials as well as emails, texts, and other chats with the company and other agencies regarding the oil spill risk from restarting the offshore drilling operation. Shares of Sable Offshore are down nearly 6% in morning trading to $16.40.
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:
- Court found proof of bad faith in Sable pipeline approval, Bloomberg says
- Sable Offshore falls 8% to $16.13 after court finds bad faith in approval
- Sable Offshore continues decline, shares down 12% after court ruling
- Trump to invoke emergency law to ease Sable Offshore permitting, Bloomberg says
- Sable Offshore Corp trading resumes
