Old Rocks
Diamond Member
So, by reducing the bond for cleanup on a well by a factor of 20, it will be cheaper for corporations to just walk away and leave the well uncapped to pollute whatever land they are on. And reducing the approval time by a factor of 9 means that less time for checking for geological problems. And, of course, rollback of emission standards for methane means a lot more CH4 in the atmosphere, a GHG that is 80 to 120 as potent as CO2. Ah well, we see by the Reflecting Pool what the malodorous mango considers beautiful.
Quicker approvals: The public comment window for drilling permits would be reduced from 90 days to 10 days to speed up projects.
Methane rules relaxed: Rollbacks on methane emission standards could save companies $17 million annually but may increase pollution.
Trump proposes sharp cuts to drilling cleanup costs on federal lands
Bond costs reduced: Statewide bonds for plugging abandoned wells would drop from $500,000 to $25,000 to lower costs for drillers.Quicker approvals: The public comment window for drilling permits would be reduced from 90 days to 10 days to speed up projects.
Methane rules relaxed: Rollbacks on methane emission standards could save companies $17 million annually but may increase pollution.