From CFRW Capitol Update Fri 5/7/10.
On Monday Governor Schwarzenegger decided to terminate the scheduled Santa Barbara off-shore drilling project because of the recent oil spill off the Gulf of Mexico. Although the Governor has been fighting for the Tranquillon Ridge Project for 2 years, he said in a statement on Monday that he doesn’t want to take the risk of a massive oil spill off our coast. The drilling project, from an existing oil platform, would have brought the state approximately $100 million dollars a year. Regarding this loss of potential revenue, the Governor stated, “I’d rather just figure out how to make up for that $100 million”.
