“The costs to people, homes and the environment remain unacceptably high, but we now also know that the projected economic benefits are only a small fraction of what the oil industry has been touting.”
By Dan Bacher / DailyKos
In spite of the millions spent by Big Oil on lobbying in Sacramento every year, the California Senate Appropriations Committee on Friday voted 4 to 2 to approve a bill, SB 1132, to place a moratorium on fracking (hydraulic fracturing) in the state.
SB 1132, authored by Senators Holly Mitchell and Mark Leno, now moves to a vote on the Senate floor. Senators Gaines and Walters voted against the bill while Senators De León, Padilla, Hill and Steinberg voted to advance the bill to the floor.
The bill moved forward the same week that the U.S. Energy Administration reduced its previous estimate of recoverable oil in California by 96 percent. [Read more…]












