NYSE:SOCOil and Gas
Sable Offshore (SOC) Is Down 5.6% After California Lawsuit Over Federal Oversight Shift Has The Bull Case Changed?
California’s attorney general has filed a lawsuit against the Trump administration challenging the federal reclassification and restart of Sable Offshore Corp.’s Las Flores oil pipelines, intensifying a long-running clash over regulatory control in the state.
The case highlights an unusual tug-of-war between state and federal authorities, where emergency-based federal oversight is colliding with persistent local and environmental opposition to the project.
We’ll now examine how this legal...