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Financial Assurances

Financial Assurances

What are

What are Financial Assurances? �� Mechanism to ensure mitigation project is completed �� Mechanism for ensuring resources are available to correct or replace unsuccessful mitigation �� Long‐standing Long practice in other contexts standing practice in other contexts �� Construction �� Mining reclamation �� Hazardous waste facilities

Why Financial Assurances? �� Mitigation projects are complex and results are uncertain Mitigation providers can fail or walk away �� Bankruptcy �� Dissolution �� Mitigation providers can fail or walk away �� Can enable release of mitigation credits before project success is demonstrated

Financial Assurances for Mitigation Project Success
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