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The Interior Department proposes rolling back a 2024 offshore drilling decommissioning rule to cut costs and boost production.
The U.S. Department of the Interior is proposing to roll back a 2024 Biden-era rule that required offshore oil and gas companies to set aside $6.9 billion in financial assurance for decommissioning, citing excessive costs for small operators.
The change, aligned with President Trump’s energy agenda, aims to save the industry $484 million annually, boost investment, and support domestic production while maintaining taxpayer protections through updated risk assessments.
The proposal is open for a 60-day public comment period.
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El Departamento del Interior propone revertir una regla de desmantelamiento de perforación en alta mar en 2024 para reducir costos e impulsar la producción.