Colorado oil and gas wells can’t fund their own cleanup. Taxpayers may foot the bill
www.theguardian.com
A Carbon Tracker report shows the cost to safely shut down low-producing wells is $3bn more than what they earn
  • generichate1546
    1·
    1 year ago

    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