Posted Mar 11, 2022, 4:12 PM
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Registered User
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Join Date: May 2017
Posts: 24,590
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I am cool with approving oil projects. At this point, they should be forced to post bonds for cleanup and wind down costs up front, so that the taxpayer doesn't get stuck with the bill when the energy transition inevitably turns most of them into stranded assets.
A 10-15 year project has a substantial amount of risk. Especially given how fast technology is progressing and how fast the cleantech industries are ramping. Taxpayers should not be forced to carry that risk in anyway, while shareholders suck up fat profits from temporarily high oil prices.
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