The Biden administration has laid out an interagency framework for working with states and tribes to distribute the $4.7 billion allocated for closing and remediating abandoned oil and gas well sites across the US under the Infrastructure Investment and Jobs Act signed into law in November.
Four federal agencies: The US Environmental Protection Agency, and the Depts. of Interior, Agriculture and Energy, and the Interstate Oil and Gas Compact Commission, whose members are governors from oil and gas-producing states, signed a memorandum of understanding on Jan. 14 to establish a plan to work together to be able to roll out the funds quickly.