New Mexico’s lawsuit accuses three Texas oil executives of pocketing revenue from oil and gas wells and offloading cleanup costs to the public.
A 2024 ProPublica and Capital & Main investigation uncovered some of their companies’ business dealings.
https://www.propublica.org/article/new-mexico-oil-orphan-wells-cleanup?utm_source=mastodon&utm_medium=social&utm_campaign=mastodon-post
@ProPublica I think capitalists call that "being smart" 🙄
@ProPublica abandoned wells is a huge issue too
"Lemon Socialism" just like American Healthcare!
Actually, most (all?) "extractive" industries are socialized in this way. They "lease" access to public lands or resources like water... do their extractive thing... produce toxins and/or environmental damage... then move on and the public (taxpayers) either have to pay for clean up or live with the degradation. 😠
