Calif. Panel Blocks Offshore Drilling Project

Law360, New York (January 29, 2009, 12:00 AM EST) -- A state panel has shot down a proposal stemming from an unusual compromise between a Houston-based oil company and several anti-oil organizations that would have allowed the first new drilling venture off the California coast in four decades.

In a 2-1 vote, the State Lands Commission on Thursday rejected Plains Exploration & Production Co.’s bid to sink new wells off the Santa Barbara coast. The proposal would have let the company put in new wells as long as it closed down all of its offshore platforms...
To view the full article, register now.