In “the game of jurisdictional hot potato” over Sable Offshore’s (SOC) plans to restart oil pipelines running along the Gaviota Coast, the California State Fire Marshal, or “CalFire,” has “lobbed the potato elsewhere,” reported Margaux Lovely, citing a November 7 letter to members of the State Legislature acquired this week by the Santa Barbara Independent. In its response to a September letter from 13 state legislators, the Fire Marshal’s Office claimed it “does not have the unilateral authority to allow for the restart or decommission of these pipelines” and the Fire Marshal did not agree to conduct a new environmental impact report, the Independent stated.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SOC:
- Sable Offshore Plans Santa Ynez Production Restart
- Sable Offshore Faces Losses Amid Strategic Advancements
- Sable Offshore provides update on coastal zone maintenance, repair work
- Sable Offshore Corp options imply 4.9% move in share price post-earnings
- Sable Offshore Corp options imply 7.2% move in share price post-earnings