COGCC considering higher bonds to guarantee reclamation after oil and gas extraction is complete
KVNF - Mountain Grown Community Radio |
By
Chad Reich
Published January 28, 2022 at 11:48 AM MST
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The Colorado Oil and Gas Conservation Commission is determining whether companies need to commit more money upfront. Financial assurance, commonly known as a bond, guarantees the state can afford to clean up a well site if a company goes bankrupt or walks away. KVNF’s Chad Reich reports for the Rocky Mountain Community Radio collaboration on fossil fuel transitions.
Chad Reich is a veteran public radio reporter and KVNF freelancer who runs the production company Laccolith Media. He is a Lecturer and the Technical Director of Media at Western Colorado University in Gunnison.