Katie Porter: “Bonding requirements are so low that it doesn't even begin…”

“And the company says if you don't pay for this, people can look to the bond to cover the cost. And what's happening is those Bonding requirements are so low that it doesn't even begin to cover the cost of capping the well, of doing the environmental remediation, of doing the cleanup. And so what happens is one of two things, and they're both really, really bad for the American people. Either these wells sit abandoned or they prevent both.” (13:47–13:58)

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.