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The U.S. energy system is benefiting from an unprecedented increase in North American supplies of natural gas and petroleum. These changes are strengthening our economy and altering the relationships between our energy choices and health, climate change, and national security. On June 13th, The Hamilton Project at Brookings held an event at Stanford University to explore how to best manage these opportunities while achieving our long-term energy and environmental goals.
To ensure funds are available for clean-up when natural gas accidents occur, Lucas Davis of UC Berkeley explores new approaches to bonding requirements for producers, including increasing federal minimum bond amounts and encouraging states to adopt similar minimum bond amounts for drilling on non-federal land.