Bill increases funding for removal of abandoned oil facilities in Long Beach Tidelands
(SACRAMENTO) – A.B. 353, authored by Assemblymember Patrick O’Donnell (D–Long Beach), passed the Senate and is now headed to Governor Newsom’s desk for his consideration. The bill would protect Long Beach and its Tidelands by setting aside money to cover the eventual costs of transitioning Long Beach oil operations without damaging the environment.
“Our community and environment must be protected when it comes time to safely close down the Tideland oil wells,” said Assemblymember O’Donnell. “Long Beach and its residents should not be left holding the bag to pay for the cleanup costs when that inevitable time comes.
When oil operations end, the Oil Trust Fund is the primary funding source to cover costs associated with the cleanup of oil wells within the Long Beach Tidelands. However, the fund is capped at $300 million, an amount the fund has been stuck at for 8 years, while the estimated cost of ending oil operations has increased. Currently, the cleanup is estimated to cost $1.2 billion, approximately $900 million over what can be saved under current law. AB 353 eliminates the cap on the fund so saving for these future costs can resume.
“I encourage the Governor to sign this bill and continue protecting our environment around Long Beach and its Tidelands by ensuring enough money is set aside to safely close down the wells when oil operations end,” said Assemblymember O’Donnell.
A.B. 353 is supported by the City of Long Beach and the California State Lands Commission.
The text of A.B. 353 can be found here.
Assemblymember Patrick O’Donnell (D-Long Beach) chairs the Assembly Education Committee and the Assembly Select Committees on Ports and Goods Movement. He represents District 70 which includes the communities of Long Beach, Signal Hill, San Pedro and Catalina Island.