Showing posts with label oil well cleanup funds. Show all posts
Showing posts with label oil well cleanup funds. Show all posts

Wednesday, March 2, 2022

Big questions about funds meant for oil/gas well cleanup

There's also the possibility that right-wing "judges" will block any rules that are established.
After the Biden administration’s bipartisan infrastructure law was passed, the administration hailed the bill’s $4.7 billion package to cap orphaned oil and gas wells as a move to tackle “super-polluting methane emissions,” saying it will combat the climate crisis and create jobs. But it is possible that, without tight rules, these public funds could be spent in ways that contradict those goals — and go to the very entities that enabled these environmental messes in the first place.

Though the administration claims it will establish safeguards, currently there are no rules to compel state oil and gas regulators to use the federal funds in a way that prioritizes plugging the inactive and supposedly ownerless wells that are emitting the most methane, or even any methane at all. The law’s current implementation also offers no assurances that the new jobs promised for oil and gas industry workers will materialize, although it is a stated goal of the law. - DeSmog