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That only works once. If the other side expects shenanigans, then the company can prepay the cleanup cost somehow, either as an ongoing tax, as upfront fee, or
by noja 6y ago
That only works once. If the other side expects shenanigans, then the company can prepay the cleanup cost somehow, either as an ongoing tax, as upfront fee, or as an insurance pool that you pay into. There are probably hundreds of ways of structuring it.
- throwaway2048 6y agoExcept there is zero political will to ensure such a fund is either extant, or properly funded. This story has repeated itself a lot.
- specialist 6y agoTIL: There's a million (or so) abandoned well heads in North America. Suggesting the trick happened more than once.