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Oil Companies Must Set Aside More Money to Plug Wells, But It Won’t Be Enough

"For the first time in more than 60 years, the Bureau of Land Management will force oil and gas companies to set aside more money to guarantee they plug old wells, preventing them from leaking oil, brine and toxic or climate-warming gasses." "The new Bureau of Land Management regulation, which applies to nearly 90,000 wells on federal public land, is hampered by math errors and overly optimistic cost projections."

Source: ProPublica/Capital & Main, 04/23/2024

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