News

Oil field owner sues California over law that would end its Los Angeles-area operations

The owner of an oil field in Los Angeles County is suing the state of California over a law that will require it to stop production and plug its wells or face costly fines. Inglewood Oil Field owner Sentinel Peak argues in the lawsuit, filed this week, that the law, which was signed in September by Gov. Gavin Newsom, is unconstitutional, the Los Angeles Times reported Thursday. It is was one of several laws aiming to reduce pollution by giving local governments more authority to restrict oil and gas operations by shutting down so-called idle wells, which are not in use but have not been properly sealed and closed, and fining companies for operating low-producing oil wells in the Inglewood field.

Another Huge Week For Crypto! Key Developments For Bitcoin ETFs, XRP, Solana, And More

We have a quick roundup of the top crypto headlines from Thanksgiving week! Major updates include the XRPL’s listing on Dexscreener, a dip in Bitcoin ETF inflows, and some big moves from Trump and Tron founder Justin Sun. Also, Morocco is preparing to unban crypto, and Solana and Coinbase’s Base network are setting new records. Meanwhile, Avalanche launched its largest upgrade, and Chainlink continues to play a crucial role in DeFi and tokenization.