Viewing a single comment thread. View all comments

IrresponsibleScience t1_j603591 wrote

Maybe we need to change how the clean up and removal of the drill sites are managed so that the companies pay in bulk upfront and then into a fund that’s managed by the state to cover the cost of removing these.

2

sirpranksamillion t1_j61f7m2 wrote

This needs to happen. Large Oil and gas companies have sold their old wells to smaller companies who then create shell companies, transfer ownership of the old, nonproducing wells and then file bankruptcy, relieving them of their rights to plug said wells. Then it’s on the state to cover the cost of plugging. Not saying everyone does this but I have heard of Appalachian companies following this process. Really crooked

1