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Home » Economics » North Dakota Senate kills bill targeting irresponsible oil company executives – Bismarck Tribune

North Dakota Senate kills bill targeting irresponsible oil company executives – Bismarck Tribune

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“We have companies and partnerships that offer protections to certain people, and we felt that by passing this bill we would be violating those protections, and CEOs, boards of directors could now be held accountable for things. of which they would have very little knowledge of what was going on. ,” he said.

Senator Merrill Piepkorn, D-Fargo, defended the measure before the vote.

“This is an addition that gives the Industrial Commission another tool in its toolbox as it is responsible for regulating this industry,” he said.

The three-member Industrial Commission, chaired by Governor Doug Burgum, is one of several state bodies responsible for regulating the oil industry. Helms heads the Department of Mineral Resources, which is part of the commission.

Contact Amy R. Sisk at 701-250-8252 or [email protected]

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