Our twelfth amendment also seeks to make changes to clause 16. It amends section 48.13(6) of the act, with respect to pipeline abandonment, to require the company to obtain leave from the board to abandon the operation of a pipeline before doing so, as well as leave from the board to stop maintaining the necessary funds or security.
The purpose of the amendment is to ensure that the requirement to maintain funds or security doesn't automatically end as soon as the company abandons the pipeline, making it necessary to obtain the board's authorization for both of those things beforehand.