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Newsom signs bills to address unplugged oil wells, disclose corporate greenhouse gas emissions

Por: Los Angeles Times Science October 10, 2023

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Despite objections from some in his administration, California Gov. Gavin Newsom signed legislation requiring oil and gas companies to allocate more funding to plug wells nearing the end of production. Under the new law, any company that acquires a gas or oilfield in California must now secure a bond — a financial guarantee similar to insurance — that covers the full cost of sealing idle or low-producing wells. As oil production in... + full article



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