The idea has been floated before but never really gained traction, The Journal Record‘s Sarah Terry-Cobo reports: “… An industry-funded entity that taxes oil and gas production, collecting fees for earthquake-related damages.”
Former petroleum worker wants industry earthquake fund
Oklahoma Geological Survey Director Jeremy Boak said California’s geothermal industry has an indemnity fund to cover damage claims related to temblors triggered by geothermal activity. But in Oklahoma, it will be challenging to determine which damages were related to quakes, and which are the result of clay soils shrinking and expanding related to weather.
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