Bennet Urges Secretary Haaland to Reform Outdated Oil and Gas Bonding Rates to Ensure Companies, Not Taxpayers, Pay Cleanup Costs of Wells Drilled on Federal Lands
December 23, 2022
December 23, 2022
WASHINGTON, Dec. 23 -- Sen. Michael F. Bennet, D-Colorado, issued the following news release and letter:
Colorado U.S. Senator Michael Bennet urged U.S. Department of the Interior (DOI) Secretary Deb Haaland to address outdated and insufficient federal oil and gas bonding rates to ensure companies, not taxpayers, are the ones on the hook for the costs of cleaning up wells drilled on federal lands. These rates have not been updated since they were set more than fifty years ago, and a . . .
Colorado U.S. Senator Michael Bennet urged U.S. Department of the Interior (DOI) Secretary Deb Haaland to address outdated and insufficient federal oil and gas bonding rates to ensure companies, not taxpayers, are the ones on the hook for the costs of cleaning up wells drilled on federal lands. These rates have not been updated since they were set more than fifty years ago, and a . . .