silence7@slrpnk.netM to Climate - truthful information about climate, related activism and politics.@slrpnk.netEnglish · edit-25 months agoColorado oil and gas wells can’t fund their own cleanup. Taxpayers may foot the bill | A Carbon Tracker report shows the cost to safely shut down low-producing wells is $3bn more than what they earnwww.theguardian.comexternal-linkmessage-square14fedilinkarrow-up172arrow-down11
arrow-up171arrow-down1external-linkColorado oil and gas wells can’t fund their own cleanup. Taxpayers may foot the bill | A Carbon Tracker report shows the cost to safely shut down low-producing wells is $3bn more than what they earnwww.theguardian.comsilence7@slrpnk.netM to Climate - truthful information about climate, related activism and politics.@slrpnk.netEnglish · edit-25 months agomessage-square14fedilink
minus-squaregenerichate1546@lemmynsfw.comlinkfedilinkarrow-up1·5 months agoI read an article in Colorado what’s happening is due to some sort of legal loophole companies are able to spin off their unprofitable Wells into a tertiary corporation and then that company can go bankrupt and because it has no assets of any value
I read an article in Colorado what’s happening is due to some sort of legal loophole companies are able to spin off their unprofitable Wells into a tertiary corporation and then that company can go bankrupt and because it has no assets of any value