OSFI’s guidelines are a small step towards making financial decision-makers more conscious of their influence on climate outcomes, but there is still work to be done.
Abandoned US oil and gas wells and their associated land cover more than 2 million acres, a recent study estimates – an area larger than Delaware and Rhode Island combined.
Photos from the early 1900s show LA’s forests of oil derricks. Hundreds of wells are still pumping, and new research finds people living nearby are struggling with breathing problems.
More oil and gas wells risk becoming orphaned given the long-term downward trend in the industry.