Fines, cleanup costs climbing for owner of oil pipe that leaked
The pipeline leak that released more than 21,000 gallons of oil into the ocean and soiled 9 miles of Santa Barbara coastline on May 19 will likely result in a $200,000 fine from federal regulators and potentially millions of dollars in cleanup costs and environmental penalties for the pipeline’s operator, Houston-based Plains Pipeline. An investigation Read More →
Boxer, Feinstein, Markey demand answers over SB County oil spill
U.S. Sens. Barbara Boxer, D-CA, Dianne Feinstein, D-CA, and Edward J. Markey, D-MA, on May 28 sent a letter to the Pipeline and Hazardous Materials Safety Administration calling for more information about the rupture of a pipeline The senators wrote, “Following one of the most devastating oil spills in California history, we need answers about Read More →
Oil pipeline owners may face more than fines for Santa Barbara County spill
California Attorney General Kamala D. Harris on Friday said her office is actively working with the Santa Barbara District Attorney’s office and state and federal agencies to investigate the incident.
Milo takes home top honors at UCSB’s New Venture Competition
Six teams emerged from an initial 40 to vie for a pool of $41,500 in cash prizes at the competition, which has been around for 16 years and has produced companies like BioIQ, Phone Halo, Sirigen and Inogen.
AppFolio files for $100M IPO
Goleta-based AppFolio filed with U.S. regulators May 18 for an initial public offering. The developer of cloud-based property management software listed $100 million as the initial fundraising target, however the size the IPO could change. The company did not stipulate how many shares it plans to sell. The move comes on the heels of Read More →
