Lee Fife on Nostr: Of course, since the private equity firms have no intention of ever cleaning up, this ...
Of course, since the private equity firms have no intention of ever cleaning up, this isn't a problem!
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The estimate based on per-well closure costs shows state funds will cover less than 10% of the plugging price tag.
The area with the largest number of wells at risk is the Piceance Basin and the greatest challenge comes but large, privately equity companies with thousands of wells.
https://coloradosun.com/2024/06/27/orphan-wells-colorado-carbon-tracker-analysis/
#Colorado #EndFossilFuels #ClimateCrisis
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The estimate based on per-well closure costs shows state funds will cover less than 10% of the plugging price tag.
The area with the largest number of wells at risk is the Piceance Basin and the greatest challenge comes but large, privately equity companies with thousands of wells.
https://coloradosun.com/2024/06/27/orphan-wells-colorado-carbon-tracker-analysis/
#Colorado #EndFossilFuels #ClimateCrisis