Exxon Barred From Trucking Oil From California Offshore Platform

Exxon Mobil Corp. won’t be able to revive oil platforms off the California coast by relying on trucks to ship crude to refineries on shore.

Three offshore platforms, known as Exxon Mobil’s Santa Ynez Unit, have been shut down since 2015 when a pipeline ruptured and created the worst coastal oil spill in the state in 25 years.

Exxon Mobil figures it’ll probably take five more years to repair or replace the pipeline. The company estimates it spends tens of million of dollars to maintain the facilities and pays $1 million annually in taxes while SYU is shut down.

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