Eight years after a record methane blowout, Gov. Gavin Newsom has yet to fulfill his pledge to shut down the gas field.
The oil giant was hired by Southern California Gas Co. to end the blowout. It couldn’t get the job done.Despite those ongoing liabilities, SoCalGas has a strong financial incentive to keep Aliso Canyon open.a financial filing. As long as it stays in operation, SoCalGas customers will be on the hook to pay off the company’s investment — plus shareholder profits.
The Angeles Link proposal — which would be paid for by SoCalGas customers and could cost billions of dollars — has spurredfrom environmentalists. Some climate and clean energy advocates say the project could play a valuable role in phasing out fossil fuels without causing blackouts or higher energy bills. Others see it as a costly distraction from more practical solutions less aligned with the gas company’s business model, including solar panels, wind turbines and battery storage.
Whether or not Angeles Link gets built, local officials will likely keep pushing to shut down Aliso Canyon — as well as another SoCalGas underground storage field in Playa del Rey, which holds far less gas than Aliso but is located in aon L.A.’s Westside. Los Angeles City Council has called on state officials to close both facilities.
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