05 Jul The US States Are Getting Billions To Plug Orphaned Oil Wells
Changes need to happen in this world in order to save our planet. President Biden and others are pushing forward with ways that the US can help reduce climate change. One way they are doing this is by offering states billions to plug orphaned oil wells. Below, you’ll find how the Biden Administration is striving to do better.
The Bipartisan Infrastructure Law
President Biden is trying to clean up the orphaned oil and gas wells that litter our country. Millions of Americans are living with the reality of these abandoned wells polluting their backyards, recreational spaces, and public areas, and President Biden wants to change this narrative.
The Biden administration created the Bipartisan Infrastructure Law to address these issues. It was recently announced that the administration would allocate 1.15 billion dollars to fund jobs to clean up the orphaned oil wells. Citizens will benefit from union jobs, a reduction of dangerous methane leaks, and economic revitalization and growth.
In an announcement from the Department of Interior, Secretary Deb Haaland says, “We must act with urgency to address the more than 100,000 documented orphaned wells across the country and leave no community behind. This is good for our climate, for the health of our communities, and for American workers.”
Phase One Funding
According to the same article, all states that contained orphaned oil wells had to submit a Notice of Intent (NOI) indicating that they had an interest in applying for a formula grant. Thus far, 26 states have presented NOIs. Phase One of this plan gets the ball rolling for the Initial Grant funding these states are looking for, up to 25 million dollars. In the coming months, application guidance will appear for states to apply for the Formula Grant funding.
Global Methane Pledge
The Biden Administration is pushing forward the Global Methane Pledge. According to an article from CNBC, this pact promises to cut emissions by 30 percent by the end of the decade. This pledge works with the Bipartisan Infrastructure Law. The article states that more than 100 countries have joined the Global Methane Pledge, “including 15 of the world’s top 30 methane emitters.”
C-MOR is on a mission to help reduce greenhouse gas emissions and has the equipment to help these states plug the orphaned oil wells. Our oil field lighting is next level and will help improve safety. Feel free to browse our equipment; together, we can help the planet.