On February 18, 2021 at 17:00 CET, Carbon Tracker is holding a Webinar "Asset Retirement Obligation (ARO) Portal Launch".
U.S. state and federal regulators have failed to require oil and gas companies to provide sufficient financial assurance when drilling new wells. The costs of plugging these wells have amounted to a debt incurred by the industry known as asset retirement obligations.
When an operator cannot pay, responsibility shifts to minimally funded state orphan well programs and then to taxpayers. This financial risk of cleanup costs facing taxpayers amounts to $280 billion.
This webinar will review the research that has identified why AROs are a significant concern and why liability estimates and financial assurance data are so important. Carbon Tracker will also walk through the 1.0 version of the ARO database. There will be an opportunity to ask questions to the analysts via the Q&A box. This webinar will also be recorded.