Page 16 - Daniel Raimi News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Why are taxpayers are bailing out the worst-performing oil companies?

, at least 12,000 wells are poised to be abandoned just in the next four years. The number could be still higher—and more of the cleanup cost shifted to taxpayers—if Texas continues to lead the nation in oil and gas bankruptcies, a trend started by the long-term collapse of shale drilling and accelerated by the pandemic. “Texas is known for having one of the better plugging programs, but we’re still so far behind,” Palacios said. The main reason is that bonds are far too low. In Texas, bonds can cost as little as $2,500 per well, even though the actual median cost to plug a well and...

A report finds that more than one-third of the oil and gas sector is considering pursuing opportunities in renewables. As the energy landscape changes and the workforce faces instability, people of all stages in their professional career are asking how they can apply skills, knowledge, and training to areas such as renewables and geothermal energy. "The oil, gas and chemicals industry was built on human ingenuity; innovation and grit; and it is that same spirit that will forge the industry’s next reboot and revitalization,” Duane Dickson, Deloitte vice chairman and U.S. oil, gas and chemi...

Biden infrastructure plan calls for employing oil workers to plug leaking wells: How it would work Josh Siegel © Provided by Washington Examiner President Joe Biden’s massive green infrastructure plan contains a proposal to address a long-standing environmental hazard while helping fossil fuel workers who lost their jobs during the pandemic or who are threatened by the administration’s push for cleaner energy. Popular Searches Biden pledges to create a federal program providing $16 billion in government funding to states to help them plug “orphan” oil and gas wells w...

Renewable energy and renewed opportunity for fossil fuel workers go hand in hand Updated April 4, 2021, 1 hour ago Email to a Friend Broader plan is needed to aid all who are affected by changes Thank you for Susanne Brooks and Daniel Raimi’s piece about the need to provide financial support and other services to coal communities affected by climate action (“Give fossil fuel workers a stake in the clean energy future,” Ideas, March 28). When considering the economic and societal impacts of climate action, it is natural to focus on those, such as coal miners, who are most identi...