Drilling ban set to expire

Oregon’s ban on coastal drilling is set to expire next month, but some hope for its renewal.

Share this article!

Oregon’s oil-drilling ban is set to expire Jan. 2, but some politicians are gearing up to fight for its renewal during February’s special legislative session.

No significant interest has been expressed in drilling off Oregon’s coast, but supporters of the ban don’t want to take the risk by letting the law die.

The chances that any oil company would move forward between Jan. 2 and the February special legislative session are negligible, “but it would send the wrong message” to allow the moratorium to simply die, [says State Rep. Ben Cannon, D-Portland, chairman of the House Environment and Water Committee]. There’s not enough oil and gas in Oregon coastal waters to risk marring the state’s fishing and tourism industries, he says, and the state is promoting wave energy as a cleaner, renewable energy source.

“As far as Oregon is concerned, it’s just a poor economic use of our ocean,” Cannon says of oil drilling.

Read the full story at the Portland Tribune.

{biztweet}Oregon drilling ban{/biztweet}

Latest from Oregon Business Team