On Insurance Carried by Brine Industry

On the topic of insurance carried by Texas Brine for damages from their disaster at Bayou Corne we didn’t find anything specific. But we did find something of interest about Texas law and the brine industry insurance/assurance requirements. These documents have lots of interesting info –

From 2007, Texas

TITLE 30. ENVIRONMENTAL QUALITY
Part 1. TEXAS COMMISSION ON ENVIRONMENTAL QUALITY
Chapter 37. FINANCIAL ASSURANCE
Subchapter X. FINANCIAL ASSURANCE REQUIREMENTS FOR BRINE EVAPORATION PITS

Texas Commission on Environmental Quality – Financial Assurance Requirements for Brine Evaporation

Also Texas this document on underground storage says:

 nonhazardous drinking water treatment residuals – DWTR can contain NORM (!!!!) < yeah, radioactive waste, NONhazardous, yep!

USA

The EPA has a page on  Hazardous Waste Land Disposal Units (LDUs)

R315. Environmental Quality, Solid and Hazardous Waste.
   Rule R315-309. Financial Assurance.
   As in effect on October 1, 2013

R315-309-9. Corporate Financial Test.

of interest is E and F

(e) “Independently audited” means an audit performed by and independent certified public accountant in accordance with generally accepted auditing standards.

(f) “Liabilities” means probable future sacrifices of economic benefits arising from present obligations to transfer assets or provide services to other entities in the future as a result of past transactions or events.

We wonder who ever auditied Texas Brine?

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2 thoughts on “On Insurance Carried by Brine Industry

  1. Large quake

    Magnitude 6.5
    Region GULF OF CALIFORNIA
    Date time 2013-10-19 17:54:58.0 UTC
    Location 26.37 N ; 110.17 W
    Depth 10 km

    Making big noises on most of the Helis

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