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In 2007, McKinsey developedâfor a Swedish utilityâthe first marginal abatement cost curve (MACC) to provide such a framework (Exhibit 1). Since 2007, MACCs and their equivalents have become widely accepted. Over the past few years, NBS have been increasingly incorporated into policy frameworks and financial mechanisms.
A recent SWD failure case dives into critical questions of proximate cause and explores whether the reasonable prudent operator defense may shield against surface damage claims. The well at issue (the SWD5) was originally drilled for oil and gas production in 1957, but it was converted into a saltwater-disposal well around 2007.
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