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Oil Companies Must Set Aside More Money to Plug Wells, But It Won’t Be Enough

"For the first time in more than 60 years, the Bureau of Land Management will force oil and gas companies to set aside more money to guarantee they plug old wells, preventing them from leaking oil, brine and toxic or climate-warming gasses." "The new Bureau of Land Management regulation, which applies to nearly 90,000 wells on federal public land, is hampered by math errors and overly optimistic cost projections."

Source: ProPublica/Capital & Main, 04/23/2024

Biden Marks Earth Day By Announcing $7 Billion In Solar Power Grants

"President Joe Biden is marking Earth Day by announcing $7 billion in federal grants for residential solar projects serving 900,000-plus households in low- and middle-income communities. He also plans to expand his New Deal-style American Climate Corps green jobs training program."

Source: AP, 04/22/2024

"3 Offshore Wind Projects Nixed In New York"

"New York canceled power contracts for three offshore wind projects Friday, citing a turbine maker’s plans to scrap its biggest machines." "It’s a major blow to New York’s climate plan and to President Joe Biden’s energy ambitions."

Source: E&E News, 04/22/2024

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