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Proposed insurance coverage hike too low for oil firms: Greenpeace

Posted On: Aug. 30, 2019 8:53 AM CST

Environmental organization Greenpeace is not satisfied with the proposal to raise the insurance level for oil and gas companies to $1.2 billion to clean up potential oil spills, Newshub reports. The hike would require the companies to hold insurance levels proportionate to the risk posed by an oil spill.

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