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silence7 @lemmy.world

5mo ago

Newsom Proposes to Ease Permits for Oil Drilling in California

www.bloomberg.com

Bloomberg - Are you a robot?

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

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