Colorado is seeking $25 million from a federal fund to plug orphan oil and gas wells, state officials said, in what could be the first installment of millions in cleanup aid. The money is part of the Biden administration’s infrastructure program, passed by Congress last November. A total of $1.4 billion in plugging and abandonment […]
abandoned wells
Posted inBusiness, Climate, Economy, Energy, Environment, News, Politics and Government
Joe Biden’s plan would spend $16B to clean up old mines and oil wells and support jobs to do it
By Matthew Daly, The Associated Press WASHINGTON — President Joe Biden’s $2.3 trillion plan to transform America’s infrastructure includes $16 billion to plug old oil and gas wells and clean up abandoned mines, a longtime priority for Western and rural lawmakers from both parties. Hundreds of thousands of “orphaned” oil and gas wells and abandoned […]
Posted inBusiness, COVID, Energy, Environment, News, Politics and Government
Environmentalists worry Colorado will see a surge of abandoned oil and gas wells as industry tanks
As the oil market craters and the economy is throttled by the novel coronavirus pandemic, environmental and grassroots groups are worrying about a potential surge in abandoned oil and gas wells, but state regulators maintain that the risk appears to be limited. The Colorado Oil and Gas Conservation Commission held a meeting Monday to review […]