By David Jenkins, President of Conservatives for Responsible Stewardship
The Trump administration recently published a proposed rule that rolls back commonsense oil and gas bonding reforms designed to protect taxpayers from bearing the enormous cost of orphaned well cleanup.
Without adequate bonding, industry bad actors who abandon wells after extracting the oil and gas, along with all the profit, get away with breaking a key condition of their permit and pawning off the plugging and clean-up expenses onto you, me and every other American taxpayer.
By rolling back these bonding requirements, the Trump administration is siding with the worst players in the oil and gas industry — cheats and scammers — over hard-working taxpayers.
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