Biden Administration Takes Positive Step Toward Holding Oil Companies Accountable - Oceana USA

Biden Administration Takes Positive Step Toward Holding Oil Companies Accountable

Press Release Date: April 15, 2024

Location: Washington, D.C.

Contact:

Cory Gunkel, Megan Jordan | email: cgunkel@oceana.org, mjordan@oceana.org | tel: Cory Gunkel, 202.868.4061

In response to the Bureau of Ocean Energy Management (BOEM) issuing a final rule to update supplemental bonding requirements for oil and gas companies, Oceana Campaign Director Joseph Gordon released the following statement:  

“Today the Biden administration took a significant step forward in helping ensure offshore drilling companies are financially accountable for their destructive actions. Oil companies pollute our oceans by abandoning infrastructure, including thousands of pipelines and wells, leaving taxpayers to unfairly pay to remove them. Offshore drilling has caused too much damage to our environment and coastal communities, and this rule helps ensure the oil industry pays to clean up the mess it would otherwise abandon. Taxpayers shouldn’t be left to foot the multi-billion-dollar bill that is required to clean up the trail of destruction left behind. The Biden administration must build on this rule to continue increasing the amount of financial assurance that companies provide.”