The California Chamber of Commerce today issued the following statement in response to Governor Gavin Newsom’s press release announcing that he is directing state agencies to phase out new permits for hydraulic fracturing by 2024 in California.
“The Governor’s press release reflects the fact that fossil fuels will continue to play a crucial role in our economy for the foreseeable future,” said Allan Zaremberg, CalChamber president and CEO.
“Oil production in California reduces our reliance on foreign fuel imports and provides good paying middle-class jobs in the Central Valley. Oil production in California is highly regulated and more environmentally friendly than having to import the energy that will be required if we do away with in-state production. Thus, the Central Valley will unnecessarily suffer a loss of good paying middle-class jobs for no additional environmental benefit,” said Zaremberg.
The California Chamber of Commerce (CalChamber) is the largest broad-based business advocate to government in California. Membership represents one-quarter of the private sector jobs in California and includes firms of all sizes and companies from every industry within the state. Leveraging our front-line knowledge of laws and regulations, we provide products and services to help businesses comply with both federal and state law. CalChamber, a not-for-profit organization with roots dating to 1890, promotes international trade and investment in order to stimulate California’s economy and create jobs. Please visit our website at www.calchamber.com.