The Los Angeles City Council took a first step Tuesday to reinstate a law that bans new oil drilling and requires existing wells to be phased out over the next two decades.
Is it just me or, does 20 years seem like a really long phase out period. Like it sounds like that can just do this song and dance every 20 years and not have to worry about it. That amount of time is plentiful time to get a temporary rewrite or removal of a law before backlash can make it have to revert, and then be solid for another 20 years of drilling.
The Los Angeles City Council took a first step Tuesday to reinstate a law that bans new oil drilling and requires existing wells to be phased out over the next two decades.Is it just me or, does 20 years seem like a really long phase out period. Like it sounds like that can just do this song and dance every 20 years and not have to worry about it. That amount of time is plentiful time to get a temporary rewrite or removal of a law before backlash can make it have to revert, and then be solid for another 20 years of drilling.
No, it means that they start plugging old wells right away. But they won’t finish the job until 20 years from now.
They’re @#$@# expensive to plug in a way that will stay sealed forever. Think a million dollars or two.
That makes sense, I figured it was a you had 20 years to decommission and cap it before you faced penalty type of deal.