Pennsylvania Committee Warned of Lurking Taxpayer Cost for Plugging Wells
In a Monday hearing, the House Environmental Resources and Energy Committee was warned of the lurking taxpayer cost for plugging orphaned and abandoned wells. While current policy caps bonds on conventional oil and gas wells at $2,500, the actual cost of plugging an abandoned one is much higher – $30,000 or more. --- Support this podcast: https://podcasters.spotify.com/pod/show/pennsylvania-in-focus/support
Audio is streamed directly from the publisher (afp-444292-injected.calisto.simplecastaudio.com) as published in their RSS feed. Play Podcasts does not host this file. Rights-holders can request removal through the copyright & takedown page.
Show Notes
In a Monday hearing, the House Environmental Resources and Energy Committee was warned of the lurking taxpayer cost for plugging orphaned and abandoned wells. While current policy caps bonds on conventional oil and gas wells at $2,500, the actual cost of plugging an abandoned one is much higher – $30,000 or more.
Support this podcast: https://podcasters.spotify.com/pod/show/pennsylvania-in-focus/support
Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.