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Mark Agerton

Biography

Dr. Mark Agerton is Assistant Professor at the University of California-Davis Department of Agricultural and Resource Economics and nonresident scholar at the Center for Energy Studies housed at Rice University’s Baker Institute for Public Policy.

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April 18, 2022 Reports Fossil Energy

Considering a Federal Program to Permanently Plug and Abandon Offshore Oil and Gas Wells

Failure to properly plug and abandon (P&A) oil and gas wells in the United States at the end of their useful life can impose environmental costs and saddle taxpayers with cleanup liabilities. In recent years, US policy makers have expressed increasing concern about P&A issues, especially when it comes to “orphan” wells—oil and natural gas wells, either onshore or in state waters, for which no viable private company with legal responsibility exists.

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Fossil Energy

Global fossil fuel use has grown alongside GDP since the start of the Industrial Revolution and currently makes up roughly 80% of global energy demand. But to meet our goals to limit global temperature rise to 1.5 C degrees, demand will need to drop sharply by 2050.

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