
Colorado 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 earn
https://www.theguardian.com/us-news/article/2024/jun/28/colorado-oil-gas-well-cleanup
by silence7
5 comments
Sounds like low EROI oil.
Let’s give them more tax breaks and exploration credits!
Wow. O&G isn’t even a profitable business unless they dump their trash over the rest of us.
Nothing new here.
This has been going on long before any of us were born. It’s one reason why the Superfund was created.
Privatize the profits, socialize the losses is the only way capitalism can survive.
Just let ’em leak. The faster humans are eradicated from the earth, the better for the planet. We are just a blip in cosmic time.