BOEM Announces New Rule Governing Offshore Oil & Gas Leasing

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Andrew Scibetta
202-289-2421
Press Secretary

WASHINGTON — The Bureau of Ocean Energy Management (BOEM) has issued a new rule updating financial assurances for offshore oil and gas decommissioning.

Following is a statement from Becca Loomis, Attorney at NRDC (Natural Resources Defense Council): 

"For decades, frontline communities, marine life, and taxpayers have been paying the price for the mess that Big Oil leaves behind in our ocean. These companies must be held accountable for the environmental and financial impacts of their operations. By strengthening financial requirements, BOEM is taking a significant step towards preventing taxpayers from bearing the cost of industry neglect. Oil companies, not taxpayers, should be responsible for cleaning up idle and abandoned platforms and wells."

NRDC (Natural Resources Defense Council) is an international nonprofit environmental organization with more than 3 million members and online activists. Established in 1970, NRDC uses science, policy, law, and people power to confront the climate crisis, protect public health, and safeguard nature. NRDC has offices in New York City, Washington, D.C., Los Angeles, San Francisco, Chicago, Bozeman, MT, Beijing and Delhi (an office of NRDC India Pvt. Ltd). Visit us at http://www.nrdc.org and follow us on Twitter @NRDC.

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