The agreement trades a massive open space donation and other terms for clearance to conduct exploratory drilling off the coast.
The article contains an interview with Debra Geiler, Southern California Director for the Trust for Public Land, one of the key benefactors of the deal:
"Others have tried this before. What's different this time is that Plains went to the environmental groups and said, 'What do you want from us? What would it take for us to get your support?' First, everybody shook their heads and said, 'Are you kidding? No way. It'll never happen.' Then, they started seeing a potential opportunity to negotiate with PXP for multiple benefits..."
"There are other oil companies that operate in the channel, and I think what the groups are saying right now is, 'This is your bar. This is the high-water mark. You need to come to us to negotiate something.'"
"The coast of California generally traverses north and south. At Point Conception, it transitions to an east-west direction. In that area, there's a convergence of extremely different, rare terrestrial and marine life. The habitat and the species in this area are very important. TPL has been working to conserve land on the Gaviota Coast for about 12 years."
FULL STORY: Trust for Public Land Contributes to Landmark Oil Agreement

Planetizen Federal Action Tracker
A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.

San Francisco's School District Spent $105M To Build Affordable Housing for Teachers — And That's Just the Beginning
SFUSD joins a growing list of school districts using their land holdings to address housing affordability challenges faced by their own employees.

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Trump Approves Futuristic Automated Texas-Mexico Cargo Corridor
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Austin's First Single Stair Apartment Building is Officially Underway
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Atlanta Bus System Redesign Will Nearly Triple Access
MARTA's Next Gen Bus Network will retool over 100 bus routes, expand frequent service.
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