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…
Keep reading with a 7-day free trial
Subscribe to California Energy Journal to keep reading this post and get 7 days of free access to the full post archives.