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NATIONAL
May 17, 2008 | From Times Wire Reports
The Interior Department said in Juneau that it is moving forward with an oil and gas lease sale covering nearly 4 million acres in Alaska's National Petroleum Reserve. The decision includes a plan to set aside more than 600,000 acres of land considered environmentally sensitive. The National Petroleum Reserve-Alaska is just west of the Arctic National Wildlife Refuge.
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NATIONAL
January 22, 2014 | By Maria L. La Ganga
SEATTLE - The U.S. government violated the law when it opened millions of acres of the Arctic Ocean to offshore oil drilling, a federal appeals court ruled Wednesday, possibly delaying plans by companies such as Royal Dutch Shell to drill off the northwest coast of Alaska in the near future. The U.S. 9th Circuit Court of Appeals in San Francisco ruled that the Interior Department did not properly evaluate the impact of oil development in the Chukchi Sea when it sold more than $2.6 billion in development leases in the environmentally sensitive area in 2008.
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NEWS
May 24, 1989 | DOUGLAS JEHL, Times Staff Writer
Proposed new oil drilling off the coast of Southern California would appreciably increase the chance of a large oil spill in the region and make a major spill almost certain within the next 31 years, according to a new assessment by the Department of the Interior. The study, the government's first official estimate of oil spill risks from the sale of new Southern California leases, found 1 chance in 7 of a "large" spill of 1,000 barrels or more resulting from the proposed federal Lease Sale 95, which would include sites off the coast from Ventura County south to the Mexican border.
NEWS
January 26, 2012 | By Christi Parsons
President Obama is expected to detail plans to promote domestic energy as he visits Las Vegas and Denver on Thursday as part of a sales tour for his election-year agenda. Obama will announce an oil and natural gas lease sale in the central Gulf of Mexico, scheduled for late June, according to senior administration officials. During a morning visit to a UPS facility in Las Vegas, the president will push the idea of using natural gas to power commercial trucks, the officials said.
BUSINESS
May 25, 2007 | From Bloomberg News
Tower Records, the bankrupt 46-year-old music retailer, may have given away $10 million worth of equity when it sold 87 leases to a group of investors last year, lawyers for the company's creditors said Thursday. Six weeks after a group of companies bought the leases for $2 million, the consortium resold 37 of them for a $10-million profit, Lawrence E. Rifken, a lawyer for Tower's main creditor panel said during a hearing.
NATIONAL
September 27, 2006 | From Times Wire Reports
A judge in Anchorage has blocked part of a federal lease sale of oil-rich land on the North Slope, but the government said it could still sell sections outside an area environmentalists want to preserve for migratory birds and calving caribou. The original sale in the National Petroleum Reserve-Alaska would have included the Teshekpuk Lake area, which sits above 2 billion barrels of recoverable oil, federal estimates say.
NATIONAL
July 27, 2011 | By Ashley Powers, Los Angeles Times
A Utah man lionized by environmentalists for crashing a 2008 government auction of energy leases near two national parks was sentenced to two years in prison and fined $10,000 on Tuesday. U.S. District Judge Dee Benson in Salt Lake City ordered Tim DeChristopher taken into custody immediately. "I'm not saying there isn't a place for civil disobedience," Benson said. "But it can't be the order of the day. " In a roughly 35-minute address to the court, DeChristopher, 29, said his actions were necessary to highlight the threat that climate change poses to the planet.
BUSINESS
May 2, 1989 | From United Press International
The White House has agreed to ban offshore oil and gas drilling in the entire 397-square-mile area to be designated as Cordell Bank National Marine Sanctuary off Northern California, Rep. Barbara Boxer (D-Greenbrae) said today. About one-third of the future sanctuary overlaps a vast tract of the sea floor that the federal government has previously approved for offshore oil and gas development under its so-called lease sale program. Lease sale No. 119, which includes Cordell Bank, is scheduled to be auctioned off to the oil industry late next year.
OPINION
April 23, 1989
Your editorial ("The Oil Connections," April 15) which called for the cancellation of federal plans to promote offshore oil drilling off the coast of Northern California was eloquent and timely, yet ironically deficient in its failure to focus on the threat to the coast of Southern California. Lease Sale 95 is a federal plan to lease 5 million acres extending from San Diego to San Luis Obispo. Southern Californians need to take a hard look at the costs and benefits of offshore oil drilling.
BUSINESS
May 17, 1989 | from Associated Press
Interior Secretary Manuel Lujan Jr. today ordered the postponement of an oil and gas lease sale in the Gulf of Alaska and the Cook Inlet, pending further study of the damage caused by the spill of the tanker Exxon Valdez. Lujan, scheduled to make the announcement in San Francisco, said in a prepared text that because the proposed sale "is near an area directly affected by the spill in Prince William Sound, I have asked the Minerals Management Service to delay preparation of an environmental impact statement until more is known about the impact of the spill."
NATIONAL
August 19, 2011 | By Bettina Boxall, Los Angeles Times
The Obama administration announced Friday that it would hold its first oil and gas lease sale in the Gulf of Mexico since the deadly Deepwater Horizon explosion and oil spill. "This sale is an important step toward a secure energy future that includes safe, environmentally sound development of our domestic energy resources," said Interior Secretary Ken Salazar. "Since Deepwater Horizon, we have strengthened oversight at every stage of the oil and gas development process, including deep-water drilling safety, subsea blowout containment, and spill response capability.
NATIONAL
July 27, 2011 | By Ashley Powers, Los Angeles Times
A Utah man lionized by environmentalists for crashing a 2008 government auction of energy leases near two national parks was sentenced to two years in prison and fined $10,000 on Tuesday. U.S. District Judge Dee Benson in Salt Lake City ordered Tim DeChristopher taken into custody immediately. "I'm not saying there isn't a place for civil disobedience," Benson said. "But it can't be the order of the day. " In a roughly 35-minute address to the court, DeChristopher, 29, said his actions were necessary to highlight the threat that climate change poses to the planet.
NATIONAL
December 18, 2008 | Nicholas Riccardi
Environmental groups filed a lawsuit Wednesday as a last-ditch effort to block the sale of leases for 110,000 acres of federal land in Utah that the Bush administration plans to auction off on Friday. Critics say the proposed lease sales are an 11th-hour attempt by the administration to leave its mark on the striking, energy-rich red-rock landscape of southern and eastern Utah. The auction was announced late on election day.
NATIONAL
May 17, 2008 | From Times Wire Reports
The Interior Department said in Juneau that it is moving forward with an oil and gas lease sale covering nearly 4 million acres in Alaska's National Petroleum Reserve. The decision includes a plan to set aside more than 600,000 acres of land considered environmentally sensitive. The National Petroleum Reserve-Alaska is just west of the Arctic National Wildlife Refuge.
BUSINESS
May 25, 2007 | From Bloomberg News
Tower Records, the bankrupt 46-year-old music retailer, may have given away $10 million worth of equity when it sold 87 leases to a group of investors last year, lawyers for the company's creditors said Thursday. Six weeks after a group of companies bought the leases for $2 million, the consortium resold 37 of them for a $10-million profit, Lawrence E. Rifken, a lawyer for Tower's main creditor panel said during a hearing.
NATIONAL
September 27, 2006 | From Times Wire Reports
A judge in Anchorage has blocked part of a federal lease sale of oil-rich land on the North Slope, but the government said it could still sell sections outside an area environmentalists want to preserve for migratory birds and calving caribou. The original sale in the National Petroleum Reserve-Alaska would have included the Teshekpuk Lake area, which sits above 2 billion barrels of recoverable oil, federal estimates say.
NEWS
May 24, 1989
The Orange County Board of Supervisors on Tuesday unanimously adopted a resolution opposing federal plans to open coastal waters off Orange County to offshore oil and gas exploration and drilling. In urging passage of the resolution, Supervisor Harriett M. Wieder said the board must show a united front in opposing Lease Sale 95 because of the severe economic and health threat it poses to the county's coastal communities. Lease Sale 95 encompasses a 10,000-square-mile area of coastal waters along Central and Southern California that federal officials plan to open to oil and gas exploration by April, 1991.
NEWS
January 26, 2012 | By Christi Parsons
President Obama is expected to detail plans to promote domestic energy as he visits Las Vegas and Denver on Thursday as part of a sales tour for his election-year agenda. Obama will announce an oil and natural gas lease sale in the central Gulf of Mexico, scheduled for late June, according to senior administration officials. During a morning visit to a UPS facility in Las Vegas, the president will push the idea of using natural gas to power commercial trucks, the officials said.
BUSINESS
May 21, 2002 | JESUS SANCHEZ, TIMES STAFF WRITER
Two of the nation's largest commercial real estate brokerage firms, Los Angeles-based CB Richard Ellis Services Inc. and Grubb & Ellis Co. of New York, reportedly are in merger negotiations as the industry struggles to deal with a slump in commercial property leasing and sales. Talk of a potential merger emerged last week after Grubb & Ellis announced that a group, headed by board member C. Michael Kojaian, would inject $15.
BUSINESS
August 10, 1999
LEASES Retail * Office Depot Business: Office products Address: 1120 S. Anaheim Blvd., Anaheim Space: 28,000 sq. ft. Term: 15 years Value: $7.3 million Landlord: Peninsula Retail Partners LLC Lessee broker: Pentz & Partners Landlord broker: Peninsula Retail Partners Office * Wesierski & Zurek Business: Law firm Address: 1 Corporate Park Drive, Irvine Space: 13,669 sq. ft. Term: 7 years Value: $2.
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