Washington Department of Ecology shares more on financial requirement rule for oil industry entities | The Journal of the San Juan Islands

The Journal of the San Juan Islands…

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Washington Department of Ecology shares more on financial requirement rule for oil industry entities | The Journal of the San Juan Islands

Since the 1990s, Washington has considered a financial responsibility requirement for class 1 facilities such as oil refineries, marine terminals and pipelines, as proof of being able to pay for the cost of damages of a potential spill. In December 2021, the issue was re-introduced to the Washington House of Representatives with House Bill 1691, passed in the House and the Senate by the spring of 2022, and will require Certificates of Financial R