BOEM proposes stronger financial assurance requirements for the offshore oil and gas industry to protect taxpayers from being forced to pay decommissioning costs.
(Bloomberg) The Biden administration on Tuesday outlined its plan for ensuring oil companies have enough money set aside to clean up old offshore platforms, as costs mount for decommissioning decades-old infrastructure in the Gulf of Mexico. Most Read from BloombergStudent Loan-Relief Backers Warn Biden ‘Failure Isn’t an Option’Wagner Chief Lands in Belarus as Putin Says ‘Civil War’ AvertedPickleball Injuries May Cost Americans Nearly $400 Million This Year, According to UBSUBS Preparing to C
An investor group called Mercy Investment Services has disseminated Justice Sandil Kissoon’s landmark ruling to ExxonMobil Corporation’s shareholders for urgent consideration.
A comprehensive analysis published yesterday by British daily newspaper, The Guardian, noted that ExxonMobil Corporation’s stock price dropped by more than US$10 following the landmark ruling by Justice Sandil Kissoon ordering the oil giant to provide Guyana with an unlimited parent guarantee for oil spills. In the article authored by award winning journalist and podcaster, Amy Westervelt, she said the nearly 12 percent decline occurred in just a matter of two weeks.