Topics

Natural Resources
Hermosa Beach backs bill for state loan to pay drilling penalty
Hermosa Beach backs bill for state loan to pay drilling penalty

The city of Hermosa Beach has thrown its support behind a proposed law designed to relieve financial pressure that leaders there are facing in an ongoing debate over oil drilling. City Council members voted unanimously Monday night to support legislation that would loan state money to Hermosa Beach to help pay a penalty that could result if voters reject a proposed oil drilling project at the polls this fall. Hermosa Beach residents will face a high-stakes ballot question over whether to allow oil company E&B Natural Resources to reverse a more than 80-year ban on all new oil drilling. The company wants to drill about three dozen wells at a 1.3-acre city maintenance yard, next to...

Loading