As several U.S.-based coal companies face declining stock prices, bankruptcies and the lowest production rates since the 1980s, their ability to honor self-bonding obligations has been called into question. There are nearly $4 billion in outstanding self-bonding obligations among…
Peabody Energy, a St. Louis-based coal mining company, has purchased surety bonds to cover reclamation costs in Colorado. The bond purchase follows a complaint filed by WildEarth Guardians—an environmental advocacy group whose efforts are focused on…
The Surface Mining Control and Reclamation Act of 1977 (SMCRA) established regulations for coal mining companies and required them to “reclaim” the land they had disturbed through mining. Companies are required to post a reclamation surety…
The Purpose of Used Tire Facilities In an effort to curb the detrimental effects caused by improper treatment of used tires, Title XIV of the Illinois Environmental Protection Act specifies that only designated facilities may remove or dispose of used…
The New York Banking Department has implemented emergency regulations concerning registration and bonding for mortgage loan servicers operating in the state. Under the regulations, all mortgage loan servicers in the state must register with the Banking…