Big Oil's Multi-Billion-Dollar Blind Spot
from Drilled Hosted by Pushkin Industries
A new Carbon Tracker report finds that oil and gas companies have been grossly underestimating the cost for plugging and abandoning wells, particularly for fracking wells. The report co-authors Rob Schuwerk and Greg Rogers break down the scale of the problem, the cost, and who will ultimately foot the bill.
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What this episode covers
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...
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