Woman’s Quest To Safeguard Funds To Clean Up Oil And Gas Industry’s Mess
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.