SB 4 headed to Governors Desk - California to pass its first fracking bill

After passing in the assembly earlier today, SB 4 has cleared the Senate and is headed to the Governors desk.

In statements made earlier today a representative from Gov. Browns office indicated the governor plans to sign the bill - that will be the first ever to regulate fracking in California.

Due to late amendments the bill is getting a cold reception from several environmental groups that claim it is too weak, and may effectively reduce California Environmental Quality Act (CEQA) requirements for fracking.

At the same time the oil industry is disappointed because they say the bill expands CEQA to include too many wells and it will affect the industry's ability to continue to supply "reliable' energy from petroleum to the state.

Stay tuned for full report from VCInFocus.