Canadian board requires funds pipeline abandonment

Posted by Edmonton Journal: None Given on June 1st, 2014
Edmonton Journal: Pipeline companies under federal jurisdiction such as Enbridge and Kinder Morgan, which have plans for major oil projects to the west coast of B.C., must create funds to pay for abandoning pipelines by the start of next year. The National Energy board announced that starting Jan. 1, 2015 pipeline companies must create a mechanism to start setting aside money to pay for abandoning pipelines, through measures such as a trust or a letter of credit from a major bank or a surety bond. While pipelines......

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