The state’s oil and gas boom is finally slowing down.
California’s booming oil and natural gas industry, which includes companies such as Exxon Mobil Corp. and Chevron Corp., is generating $3.2 trillion in income for the state.
But the oil and minerals industry has been experiencing a steep decline.
Oil and gas production has plunged by 50 percent from the peak in 2015, when California had more than 2 million rigs, to just about 800 today, according to a report released last week by the California Energy Commission.
In its latest quarterly report, the commission found that oil and mineral extraction from the state’s wells and onshore fields declined by more than 10 percent from a year earlier.
The decline has occurred because the state has been hit by the worst drought in at least 50 years, the report said.
The decline has led to the closure of more than 100 coal mines and mines that have been operating in the state, the California Oil and Gas Association said.
Duke Energy paid $1 million for the energy healing company Green Medicine, according to a Duke Energy spokesman.
Green Medicine is run by the family of a Duke employee who died of COVID-19 in February, but the company has not disclosed how much the company paid.
The Duke Energy spokesperson told Politico that Green Medicine received $1,000 from the Duke Energy payment fund.
The Duke Energy spokeswoman told Politico the company’s payments for the Green Medicine contract “are completely confidential and not for public disclosure.”
Green Medicine has received funding from the National Institutes of Health, the Department of Energy and the U.S. Department of Health and Human Services, according the GreenMedicine website.
In a statement to Politico, a Duke spokesperson said: “The company has a strict policy of not paying for services provided by individuals who may have died in response to their care, including by providing treatments that are not medically necessary.”
The spokesperson added that GreenMedis contracts are vetted by outside parties.