Katie Porter: “When they're done, those entities declare bankrupt and walk…”

“And these what happens is oil and gas companies set up entity after entity after entity, corporate shells in essence to drew this oil and gas drilling. And essentially When they're done, those entities declare bankrupt and walk away and the taxpayers wind up on the hook for abandoned wells. And public citizen has done amazing work. Really want to compliment Robert, what you and your team have done in documenting how many abandoned wells there are around the country.” (07:32–07:40)

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.