California lawmaker warns of 'financial catastrophe' if oil well rules aren't enforced
Briefly

"The Orphan Wells Prevention Act was intended to ensure that fossil fuel companies would set aside more money for plugging barren or low-producing wells, protecting the taxpayers.'"},{
"David Shabazian stated that the orphan wells law pertains to changes in operators, not ownership, leading to heavy criticism from environmental groups and stakeholders."},{
"Environmental leaders initially hoped CRC would be accountable for capping Aera's 22,000 wells, but CalGEM's interpretation of the law evaded this responsibility."},{
"Critics have argued that CalGEM's decision undermines the intent of the law and fails to hold major oil corporations responsible for environmental liabilities."
Read at Los Angeles Times
[
|
]