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Various commenters asserted which the proposal would bring about important hardship to little enterprises that didn't meet this criterion and as a result would have to present supplemental fiscal assurance. Commenters argued that a requirement to deliver supplemental economic assurance would boost the pitfalls of defaulting, not investing in maintenance of present operations, laying off workforce, delaying effectiveness of existing decommissioning obligations, and diverting capital resources required for long term OCS Electricity advancement. Reaction:
Other commenters asserted that the proposed rule didn't incorporate adequate info and transparency regarding how the probabilistic estimates are derived. Response:
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Adhering to harm to the gasoline pipeline and data cables, NATO has stepped up its patrols on the Baltic Sea. The alliance has sent minehunters, maritime patrol aircraft, and drones to the region to safe the area and detect suspicious motion in close proximity to its vital undersea infrastructure.
The present bonding polices at thirty CFR 556.901(d) offer five standards that the Regional Director utilizes to find out irrespective of whether a lessee's possible incapacity to execute present and potential decommissioning obligations warrants a demand for supplemental monetary assurance; even so, The present bonding laws usually do not precisely explain how the criteria are weighted.
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Furthermore, difficulties arising in individual bankruptcy proceedings, including the incapacity to offer much less precious assets that fall short to generate new prospective buyers at auction, may lead to unplugged wells and orphaned infrastructure. This could result in the American taxpayer paying out the price to plug Those people wells and decommission that abandoned infrastructure.
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