Environmental issues aside, allocating $80m in bonds so that a private company can increase profits seems insane.
> The largest oil producer in the Uinta Basin, Finley Resources (which operates in Utah through its subsidiary Uinta Wax), has been promoting the project while claiming it cannot afford to contribute to construction costs
So they can't build it and presumably can't maintain it, so we should foot the bill and hope nothing goes wrong?
https://www.levernews.com/biden-admin-boosts-big-oils-colora...
Really problematic stuff going on.