They don’t need the money or the oil and gas.
Check it out:

Beverly Hills has banned fracking. Which makes it “the first municipality in California to prohibit the controversial technique for extracting natural gas and oil from underground rock deposits,” according to Reuters.

As Gary Schmitt of the American Enterprise Institute comments, “The City Council of Beverly Hills has unanimously voted to ban hydraulic fracking within the city’s boundaries. Obviously, the movie and television industry is doing well enough that no one needs the extra cash that might come from accessing underground deposits of natural gas. Plus … it’s really difficult to get those drilling rigs into place! We’re still waiting, however, for Beverly Hills to ban pedophilia.”

The vote wasn’t even close, says Reuters: