Bill 118 s 5508, also known as the "Offshore Oil and Gas Well Decommissioning Report Act," is a proposed piece of legislation that would mandate the Secretary of the Interior to provide an annual report to Congress and make it accessible to the public on a designated website. This report would focus on the decommissioning process of offshore oil and gas wells, platforms, and pipelines.
The purpose of this bill is to increase transparency and accountability in the decommissioning of offshore oil and gas infrastructure. By requiring the Secretary of the Interior to submit a detailed report each year, Congress and the public will have access to information regarding the status of decommissioning efforts, potential environmental impacts, and any challenges or obstacles faced during the process.
The report would likely include data on the number of wells, platforms, and pipelines decommissioned each year, the methods used for decommissioning, the costs associated with decommissioning, and any regulatory or compliance issues that may have arisen. This information will help policymakers and stakeholders better understand the decommissioning process and ensure that it is being carried out in a safe and environmentally responsible manner.
Overall, Bill 118 s 5508 aims to promote transparency and accountability in the decommissioning of offshore oil and gas infrastructure by requiring the Secretary of the Interior to provide an annual report to Congress and the public. This legislation seeks to ensure that decommissioning efforts are conducted in a manner that protects the environment and public safety.