The California Energy Transition

The California Energy Transition

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The California Energy Transition
The California Energy Transition
Bill to Require Bond for Plugging and Abandoning Wells Signed into Law
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Bill to Require Bond for Plugging and Abandoning Wells Signed into Law

Oct 09, 2023
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The California Energy Transition
The California Energy Transition
Bill to Require Bond for Plugging and Abandoning Wells Signed into Law
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Governor Gavin Newsom signed into law AB 1167, which requires individuals or companies to take greater upfront financial responsibility for plugging and abandoning wells. Under the law, the full cost of plugging and abandoning wells must be financially assured before the California Geologic Energy Management Division (CalGEM) can approve the transfer of…

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