News@lemmy.world · 8 months ago

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

www.propublica.org

cross-posted to:
[email protected]

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 · 8 months ago

cross-posted to:
[email protected]

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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