Wave Energy Bill Making Waves in Salem

, Posted: Tue, April 30 2013 at 8:13 AM, Updated: Tue, April 30 2013 at 8:15 AM

In the Oregon Senate, a bill that would require wave-energy companies to prove assets has passed unanimously.

The bill would require companies to show before they begin a project that they can financially afford to remove their equipment from the ocean, within two years of decommissioning it.

The bill is now heading to the House for approval.

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