cleanup
New York (AFP) - Oil companies drilling on public lands must post larger bonds and pay higher royalties under a rule finalized Friday by the Biden administration. The bonding requirements for development increased to $150,000 from $10,000, a level set in 1960 that no longer covers potential cleanup costs, the Bureau of Land Management (BLM) said in a press release. In another shift, the Department of the Interior lifted royalty rates for leases to 16.67 percent from the previous level of 12.5 percent. The changes were described by Interior Secretary Deb Haaland as the most significant reform t...
AFP
New York (AFP) - US officials filed suit Friday against Norfolk Southern, seeking financial penalties after the company's toxic rail derailment in Ohio led to residential evacuations in early February. The civil complaint against Norfolk Southern asks a federal court to "hold defendants accountable for unlawfully polluting the nation's waterways and to ensure it pays the full cost of the environmental cleanup," according to the complaint from the US Department of Justice and Environmental Protection Agency. The suit hits the rail company for unlawful discharge of toxic materials into US waters...
AFP
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