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subjected to international jurisdiction even though protesting at sea, but this exercise isn't without its limitations.
The goal of this remaining regulatory motion is to deal with worries about BOEM's monetary assurance system. This rule finalizes amendments to the prevailing provisions to raised guard the taxpayer from bearing the cost of facility decommissioning and also other fiscal threats related to OCS growth, like environmental remediation.
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Commenters also asserted that the proposed rule disregarded joint and several other legal responsibility, Which by making a system that does not account for that financial toughness of liable predecessors, the proposed rule insulates predecessor lessees from their liabilities and relieves them of the necessity to execute research when promoting their lease(s) to some subsequent lessee. Reaction:
with no new supplemental economical assurance procedures absolutely in place), it could choose for a longer period to arrange for decommissioning. Orphaned, unmaintained, or minimally maintained facilities, which at the moment exist about the OCS, could end in supplemental environmental destruction or enhanced road blocks to navigation, though awaiting the uncertain outcomes of bankruptcy proceedings or Congressional appropriations. In addition, this last rule supplies lessees and grant holders with clarity and regulatory certainty regarding the Start off Printed Web page 31565 way during which BOEM will perform its economical assurance program.
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The Section proposed and it is finalizing revisions to your economical analysis conditions that may be utilized for analyzing supplemental fiscal assurance requirements for oil, fuel, and sulfur leases, RUE grants, and pipeline ROW grants. The proposed evaluation methodology with the revised conditions, the public feedback acquired, and DOI's final amendments are mentioned during the subsections below.
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