Deal struck in 1980s refunds about half of what the US multinational fossil fuel company paid in royalties, documents show

Deal struck in 1980s refunds about half of what the US multinational fossil fuel company paid in royalties, documents show

The Western Australian government also faces a hefty bill – estimated to be $129m – to help repair an offshore nature reserve where about 900 wells have been drilled over the past six decades.

  • @[email protected]English
    2•4 days ago

    I have long been an advocate that a trust fund must be established before a mining or energy project is started, sufficient to re-naturalise the space and address contamination and safety concerns. But naturally, that’s not popular with the corporations. Instead, governments and non-profits are left cleaning up abandoned oil wells that spew tons of CO2 into the atmosphere. Infuriating.