City of Beverly Hills Approves Hydraulic Fracturing Ban, Threatening California’s Energy Independence

City of Beverly Hills Approves Hydraulic Fracturing Ban, Threatening California’s Energy Independence

May 06, 2014

Energy Production Bans Increase Reliance on Imported Fuel, Which Could Lead to Higher Prices at the Pump

Californians for a Safe, Secure Energy Future issued the following statement after the city of Beverly Hills officially adopted a ban on hydraulic fracturing:

“While the city council’s action is disappointing, the final measure narrowed its scope from the initial proposal and is not an outright ban on conventional oil and gas production like other cities have proposed.  The adopted proposal was revised to track with SB 4 and further allows companies to petition the city in the future to conduct well stimulation techniques authorized by SB 4, as long as the industry demonstrates the safety of the practice. This important caveat recognizes that the state has the nation’s most stringent protections for hydraulic fracturing. There is currently no hydraulic fracturing occurring in Beverly Hills, but banning this safe and proven energy production technique threatens California’s energy independence in the future.  A greater reliance on expensive imported fuel sources would put Southern California jobs at risk and could result in higher prices at the pump,” said Dave Quast, California Director of Energy in Depth, a research and education program of the California Independent Petroleum Association.

California’s oil industry provides hundreds of thousands of jobs and pays billions in tax revenue each year, according to a new study by the Los Angeles Economic Development Corporation (LAEDC) released recently by the Western States Petroleum Association. Highlights from the report include:

  • In 2012, the petroleum industry contributed to 212,220 total jobs in Southern California and generated almost $17 billion in labor income.
  • In Southern California, the state and local taxes paid by companies and individuals involved in the petroleum industry total $10.6 billion.
  • In Los Angeles County, the petroleum industry contributed to 48,715 total jobs and generated more than $5.7 billion in labor income.
  • Jobs created or supported by the petroleum industry statewide generate $40 billion in labor income, which is 3.1% of California’s total labor income.
  • Statewide, the petroleum industry’s total economic value is $113 billion, which is 5.4% of California’s total gross domestic product and is larger than the economies of 17 U.S. states.

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Californians for Energy Independence is a coalition that supports state and local policies that allow for continued domestic energy production and opposes those policies – such as oil taxes and energy bans—that would hinder production and increase reliance on foreign oil.

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