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Environment & Energy

applegrove

(132,659 posts)

1. They cost over $100, 000 to undo. Crazy expensive for government and another subsidy to oil

Reply to hatrack (Original post)

Sun Sep 19, 2021, 07:41 PM

Sep 2021

companies who just didn't bother to decomission their wells over decades knowing nobody it Texas would enforce it. Alberta did the same thing too. Now there are 95,000 orphaned or abandoned wells there.

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Wave Of Oil Company Bankruptices Since 2016 Leaves Louisiana To Deal W. Abandoned Wells, Leaks [View all] hatrack Sep 2021 OP

They cost over $100, 000 to undo. Crazy expensive for government and another subsidy to oil applegrove Sep 2021 #1

Because requiring companies to have an escrow Phoenix61 Sep 2021 #2