News@lemmy.world · 1 month ago

The American Oil Industry’s Playbook, Illustrated: How Drillers Offload Costly Cleanup Onto the Public

www.propublica.org

The American Oil Industry’s Playbook, Illustrated: How Drillers Offload Costly Cleanup Onto the Public

www.propublica.org

NotLewsTherin@lemmy.ca to

News@lemmy.world · 1 month ago

Oil executive Tom Ragsdale walked away from his old wells, making the pollution left behind the state of New Mexico’s problem. His tactics, however, are ubiquitous in the industry.

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Privatize the profits and socialize the losses.
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  The efficiency of the free market at work

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