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.
TheCriticalMember - 5mon
Capitalism - truly there is no better system.
9
CompactFlax @discuss.tchncs.de - 5mon
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.
hanrahan in environment
Australian taxpayers on the hook to pay Chevron more than $500m to clean up oil wells
https://www.theguardian.com/business/2025/jul/23/barrow-island-western-australia-taxpayers-chevron-oil-wellsCapitalism - truly there is no better system.
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.