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$44M in federal, Colorado funds spent on 28 electric buses, capping oil, gas wells

$44M in Federal, Colorado Funds Spent on 28 Electric Buses, Capping Oil, Gas Wells

by Just The News
August 29, 2024
in Aggregated, News

  • Former White House Advisor: “Trump to Release $150 Trillion Endowment”


More than $44 million, including $31.7 million for electric buses, will be spent on projects announced by Colorado’s state and federal legislators.

The Colorado Department of Transportation announced 28 electric buses and related infrastructure will be paid for with $15 million from the Colorado Clean Transit Enterprise board and $16.7 million from the Volkswagen Settlement Program. The settlement required Volkswagen to create a $2.9 billion fund after it admitted in federal court it installed technology to falsely report satisfactory reports of exhaust emissions on approximately 590,000 vehicles. The company also paid an additional $2 billion to build infrastructure for electric vehicle charging.

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Colorado will receive a $12.6 million grant from the Environmental Protection Agency to assist with reducing methane emissions through voluntary plugging of oil and gas wells on non-federal lands throughout the state. In addition to methane reductions, the Colorado Energy and Carbon Management Commission will work to reduce other greenhouse gas emissions by permanent plugging, remediation and reclamation of marginal wells. Wells known to have high emissions of methane and those close to disproportionately impacted communities will be prioritized for the project.

The grant for plugging wells is part of the EPA and Department of Energy’s Methane Emissions Reduction program, which received $350 million from the Inflation Reduction Act. Colorado is one of 14 states receiving money for projects. […]

— Read More: justthenews.com

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