The seas are rising, threatening billions of dollars of California’s coastal real estate. But the question of whether property owners can armor against the waves or must fall back as their holdings wash away is at the heart of an obscure policy document making its way through the California Coastal Commission. The rules would require Read More →
If Goleta-based Inogen goes public this year, it will be the first firm in the region to do so under new securities rules that make it easier for small companies to become listed on the major exchanges but also allow them to reveal less information to investors than their larger counterparts.
By Editorial Board / Friday, November 22nd, 2013 / Editorials, Opinion / Comments Off on Editorial: SB County oil cap vote is a slap in Santa Maria’s face
Santa Barbara County has slammed the door on the fingers of the Santa Maria Energy project — but not taken a stand that shuts that door completely. The approach has been, ‘If we can’t block it, we’ll regulate it in to nonprofitability.’
Santa Barbara County’s decision to impose a strict cap on carbon emissions from a proposed oil project puts the county at a competitive disadvantage in California and likely will cut into the money energy firms pump into the regional economy.
The Board of Supervisors voted 3-2 on Nov. 12 to require Santa Maria Energy to cap its carbon emissions at 10,000 tons per year. Santa Maria Energy had proposed 136 wells for a site near Orcutt.
Santa Barbara County’s oil is thick and viscous. In order to extract it, companies inject steam into wells to soften the oil. Burning natural gas to create the steam is what generates the bulk of carbon emissions.
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By Henry Dubroff / Friday, August 23rd, 2013 / Columns, Opinion / Comments Off on The Golden State needs to stop scaring away its manufacturers
What California doesn’t have is a government that provides a clear set of rules for manufacturers or a playing field that’s remotely level with other states.
