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A commenter suggested which the Office must not have to have supplemental bonding for ROW pipelines which might be servicing and connected to substantial value leases since some companies have an fascination from the reserves that their ROW pipeline products and services. Reaction:
The goal of this ultimate regulatory action is to handle issues pertaining to BOEM's financial assurance software. This rule finalizes amendments to the existing provisions to raised defend the taxpayer from bearing the cost of facility decommissioning together with other monetary pitfalls associated with OCS progress, like environmental remediation.
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(88 FR 86285), which would amend the bonding demands when filing an enchantment of a BSEE civil penalty. The proposed polices would call for that entities interesting a BSEE civil penalty conclusion to your IBLA will need to have a bond masking the civil penalty assessment amount of money to the IBLA to obtain jurisdiction in excess of the appeal. Further more, an charm bond need previously applies to appeals of civil penalties assessed by BOEM and orders on the Office of Normal Assets Earnings (ONRR). This kind of requirement is Similarly suitable if the effect of the alter in instances from the appellant, for instance bankruptcy or insolvency, could depart DOI with no implies of accomplishing decommissioning.