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Don’t allow any company to operate unless they have a fund sufficient to close their wells in case of bankruptcy.
Companies fail. Some accountants are so sure of this they make a living picking up the pieces. Regulators should also not assume success.
Are you kidding? That would hurt their business way too much. We can’t allow that.
Let’s use taxpayer money to pay for this instead. /s
Yup, make them prepay for their cleanup. The fund would need to be held in an account earmarked specifically for that well, inaccessible for anything else (maybe held in trust or something).