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(GAO-24-106229) that presented 4 suggestions to DOI to reinforce BSEE's and BOEM's decommissioning oversight and enforcement. Recommendation 3 precisely stated the “Secretary of the Interior should make sure the BOEM Director completes planned steps to further more create, finalize, and fully employ variations to fiscal assurance polices and techniques that lower fiscal threats, such as by (one) requiring better amounts of supplemental bonding, and (2) addressing other regarded weaknesses.” The measures BOEM described within the proposed rule and finalized listed here will, like a functional matter, address this GAO suggestion. Given that 2009, in excess of 30 company bankruptcies have transpired involving offshore oil and gasoline lessees with decommissioning liabilities that were not protected by monetary assurance. The point that bankruptcies have associated decommissioning liabilities with no sufficient supplemental economic assurance demonstrates that the waiver standards in NTL No.
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Other commenters asserted that the proposed rule did not consist of ample facts and transparency regarding how the probabilistic estimates are derived. Reaction:
Consequently non-flag States can not matter a ship training that liberty for their jurisdiction. Therefore, by definition, flexibility of navigation doesn't come into conflict with constructive legal rights, for instance These enjoyed by NORI. Second, and based upon the above, I find that the Arctic Dawn
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Numerous commenters expressed opposition to DOI's proposal, asserting that any co-lessee that doesn't sustain an investment decision grade credit rating ranking (or equal proxy credit rating rating) need to be necessary to provide supplemental monetary assurance. Commenters recommended the Section have to have supplemental monetary assurance for his or her respective Doing the job fascination shares from all co-lessees that do not sustain an expense quality credit history rating for leases that aren't exempt based on the reserve analysis.
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