Big Oil’s Multi-Billion-Dollar Blind Spot

by | Jun 18, 2020

A new report from Carbon Tracker finds that not only have oil and gas companies not been budgeting for plugging and abandoning wells, they’ve been grossly underestimating the cost of that work, especially for fracking wells. The COVID-19 pandemic has only highlighted the problem. Report co-authors Rob Schuwerk and Greg Rogers join to talk about the size of the problem, the cost, and who will ultimately pay.

Report: https://carbontracker.org/reports/its-closing-time/

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