by Rob Galbraith and Gin Armstrong
Freeport-McMoRan is far and away the largest oil and gas producer in Los Angeles, with 1,311 active wells in Los Angeles County according California’s Division of Oil, Gas, and Geothermal Resources. The corporation, a multinational mining giant, acquired most of its Los Angeles wells in its 2012 purchase of Plains Exploration and Production, which brought the Inglewood oil field, the largest urban oilfield in the United States, into Freeport-McMoRan’s portfolio. The Inglewood oil field is home to 911 wells, 16% of all wells in Los Angeles County.
At Freeport’s annual meeting on June 8, the shareholder advocacy group As You Sow introduced a resolution requesting that the company report on its enhanced oil recovery operations, including steps it is taking to mitigate negative environmental and health effects. The proposal noted that “oil operations have the potential to contaminate water supplies, release toxic fumes, and harm communities.”
The board of directors urged shareholders to vote against the resolution.
Freeport’s board – primarily wealthy white men – are unlikely to directly face the health impacts of their company’s drilling. A 2014 Natural Resources Defense Council report found that the impacts of drilling in California are disproportionately visited upon low-income communities and communities of color and that in Los Angeles County, 78% of the people living within a quarter mile of a gas well were black or Latino.