(Reuters) -The Ministry of Interior said on Friday that the Trump administration will review a base from the Baiden era, which requires the oil and gas industry to provide approximately $ 7 billion in new financial assurances to cover the cost of stopping the old infrastructure.
In a statement, the agency said it would develop a new list, but it did not give details. This step is in line with President Donald Trump’s push to reduce federal regulations and increase local energy production.
An internal speaker refused more comment.
“This review will enable the energy producers in our nation to redirect their capital towards the future leasing, exploration and production with the financial protection of the US taxpayer,” Interior Minister Dog Burgum said in the statement.
Biden’s policy, which was completed last year by the Internal Energy Management Office, requires companies that do not require investment credit categories or enough oil and gas reserves on a rental contract to provide additional bonding to reduce the risks to taxproofes in the event of non -coverage of cost training to dismantle equipment.
The base was stabbed in the court by three oil -producing states, which claimed that the base would increase the costs of smaller companies. A federal judge refused to prevent al -Qaeda earlier this year.
Al Qaeda has been supported by environmental conservation groups such as Sierra Club, which said at the time that Biden’s reform “ensures that oil and gas companies are responsible for their responsibilities for cleaning and will not leave taxpayers with the bag.”
(Participated in the reports of Nicolas, the groom)
https://media.zenfs.com/en/reuters-finance.com/92ad018fee75b3cc2a1d8522dfb7c763
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