“BLM is proposing to shift the state bonding minimums back to what they were prior to 2024, consistent with the White House’s intent to reduce regulatory barriers to energy production…. The large majority of oil and gas well operators are responsible, and it makes no sense to treat them all as though they were reckless and financially unstable.”
The Biden Administration enacted hundreds of punitive actions against the domestic oil and gas industry. The Trump Administration has worked to reverse this overreach. The latest reversal concerns a Bureau of Land Management’s proposal to lower statewide bonding on oil and gas leases from $500,000 to $25,000.
In protest, the Evangelical Environmental Network (EEN) and other left-of-center environmental organizations claim that companies will be incited to abandon wells and stick taxpayers with the cleanup bill.…