Biden administration tries paying off states to plug wells and stop energy production

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Biden administration tries paying off states to plug wells and stop energy production
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Eden Villalovas is a breaking news reporter. Eden graduated from the University of Colorado, Boulder, in May 2022, where she served as the managing editor of the Bold.

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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