Oklahoma to use sale of carbon credits to plug abandoned wells

Carbon Credits: A middle path amidst the fight between Development and  Sustainability - The Indian Wire


If former Vice President turned environmentalist Al Gore can buy carbon credits to offset his massive electricity use at his Tennessee mansion and his trips around the world, then perhaps the same maneuver can be used in the plugging of abandoned wells in Oklahoma.

Sounds far fetched? Not really. As the Oklahoman reported this week, the Oklahoma Corporation Commission is exploring the possibility of selling carbon credits to polluters and environmentally conscious companies in the effort to plug more than 17,000 orphaned wells that are leaking methane into the atmosphere.

The carbon credit plan came about from a new law allowing Oklahoma to register and sell carbon credits it receives from the plugging of those wells.

Click here for The Oklahoman