silence7@lemmy.world to California@lemmy.worldEnglish · 5 months agoNewsom Proposes to Ease Permits for Oil Drilling in Californiawww.bloomberg.comexternal-linkmessage-square0linkfedilinkarrow-up11arrow-down10file-textcross-posted to: climate@slrpnk.net
arrow-up11arrow-down1external-linkNewsom Proposes to Ease Permits for Oil Drilling in Californiawww.bloomberg.comsilence7@lemmy.world to California@lemmy.worldEnglish · 5 months agomessage-square0linkfedilinkfile-textcross-posted to: climate@slrpnk.net
I’ll note the context here: The federal government is restricting renewables And also threatening to open up drilling in populated areas (with the associated health risks) The cost of plugging existing unplugged wells in California is likely to be only about 1/3 of the future oil industry profits in the state