Fossil Fuel Companies' Tough Sell: Oil and Gas Sites With Costly Environmental Clean-up
Fossil Fuel Companies’ Tough Sell: Oil and Gas Sites With Costly Environmental Clean-up The total cost of decommission offshore oil wells around the world is expected to be over $100 billion by 2030. Analysis Image: The Birds! Platform Holly, offshore from Goleta. Credit: Glenn Beltz (CC BY 2.0) Last year was rough for major oil companies. BP, Chevron, ExxonMobil, Shell, and Total suffered a combined $77 billion in losses for 2020. And now, as Reuters reports, many are trying to sell-off “dozens of oil and gas fields and refineries worth more than $110 billion to curb both their balloonin...
Source: desmogblog.com