this post was submitted on 24 May 2024
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These Teens Adopted an Orphaned Oil Well. Their Goal: Shut It Down. Students, nonprofit groups and others are fund-raising to cap highly polluting oil and gas wells abandoned by industry. (www.nytimes.com)
submitted 5 months ago by silence7@slrpnk.net to c/climate@slrpnk.net
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It's a serious policy failure that this is happening; the people paying to cap wells should be the ones who became wealthy by extracting the oil, not a bunch of random teenagers.

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[–] Chainweasel@lemmy.world 5 points 5 months ago (3 children)

This is definitely going to sound counterproductive, but I think they should have kept the first well they acquired and as a source of income and then used that income to buy and shut down other wells, then cap it.
Make the oil finance its own demise.

[–] thejevans@lemmy.ml 7 points 5 months ago

These oil wells are available because they are not profitable, and often because they cost more to run than they could possibly produce.

[–] Badeendje@lemmy.world 2 points 5 months ago

Or drilling rights should come with a required deposit that will pay for the capping once done.