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Biden Admin Boosts Big Oil’s Colorado River Scheme https://www.levernews.com/biden-admin-boosts-big-oils-colorado-river-scheme/ https://www.levernews.com/biden
by yboris 3y ago
Biden Admin Boosts Big Oil’s Colorado River Scheme
https://www.levernews.com/biden-admin-boosts-big-oils-colorado-river-scheme/ https://www.levernews.com/biden-admin-boosts-big-oils-colora...
Really problematic stuff going on.
- njovin 3y agoEnvironmental issues aside, allocating $80m in bonds so that a private company can increase profits seems insane. > The largest oil producer in the Uinta Basin, Finley Resources (which operates in Utah through its subsidiary Uinta Wax), has been promoting the project while claiming it cannot afford to contribute to construction costs So they can't build it and presumably can't maintain it, so we should foot the bill and hope nothing goes wrong?