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.
Unplugged oil and gas wells accelerate climate change, threaten public health and risk hitting taxpayers’ pocketbooks. ProPublica and Capital & Main found that the money set aside to fix the problem falls woefully short of the impending cost.
New Mexico’s legislative session, funded by oil and gas, promises fireworks.
Oil production and rhetoric are up — but jobs and investments? Not so much.