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Press Release: Conservative Group Blasts Trump Admin. Move to Gut Bonding Reforms that Protect Taxpayers from Oil & Gas Industry Cheats

Press Release: Conservative Group Blasts Trump Admin. Move to Gut Bonding Reforms that Protect Taxpayers from Oil & Gas Industry Cheats

Policy Reversal Could Lead to Taxpayers Being on the Hook for $753 Billion

In 2024, the Bureau of Land Management (BLM) updated its oil and gas bonding requirements to more closely reflect the actual plugging and clean-up costs for orphaned wells, thus protecting taxpayers from industry bad actors who skip out on their promise to plug and clean-up their wells once done producing. The Trump Administration just announced that it is rolling back those reforms, thus putting the cost of dealing with orphaned wells back on American taxpayers.

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