The Biden administration is offering federal assistance to certain states for the closure of low-producing oil and gas wells. Funding comes from the Inflation Reduction Act’s $350 million program called the Mitigating Emissions from Marginal Conventional Wells.
“This approach — concocted by DC bureaucrats — shows a complete disregard for the importance of this industry to Wyoming’s economy,” Gordon said in a press release on Oct. 2. “These are wells that have, and will continue to produce, significant amounts of oil; provide jobs through hundreds of small businesses; and generate revenues for schools, the state and local government.”
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