Tag: oil drilling

Will the Trump administration with its call to “drill baby drill” listen?

The jury found Texaco, which was bought by Chevron in 2001, in violation of state coastal resource regulations because the company didn't restore wetlands destroyed by drilling oil wells, dredging canals and dumped wastewater.

The heart of the controversy lies in a 2022 sale that offered drilling rights across approximately 120,000 acres of federal territory in Wyoming.

Petroecuador, the state oil company, will be required to dismantle its operations at the park's eastern edge in the Amazon in the coming months.

“Through President Biden’s Investing in America agenda, we are investing in the nation’s future by addressing legacy pollution on public lands."

The state has proposed a 3,200-foot setback rule for new wells, but this has not yet gone into effect and does little to address health concerns for residents who live near existing wells.

The Biden administration will revert to "a 2013 Obama administration plan issued that protected about half of the reserve."

“The reality is that in the battle between the oil industry and Biden, the industry is winning.”

"The government's royalty rates and bonding requirements are far too low and lead to public money subsidizing Big Oil's profits while our federal lands and waters suffer egregious harm."

“It’s basically a giveaway to industry of millions of acres of the Gulf of Mexico so they can lock in production for years, at a time when we need to be shifting away from fossil fuel development.”