Shutting Down Old Oil Rigs Is Harder—and More Expensive—Than it Sounds

As workers continue to comb beaches for tar balls in California’s Orange County after an underwater pipeline ruptured on Oct. 2, another massive fossil fuel cleanup operation is just getting underway on a 55-year-old rig anchored 120 miles up the coast. It’s a taxpayer-funded, $60 million debacle that reveals just how difficult and costly it may be to shut down aging oil rigs in the…

Read more