May 9, 2024
Funds

Texas orphan well backlog grows, even as federal funds flow

An old oil well leaks salt water and oil on Antina Ranch near Monahans. Elizabeth Conley/Staff photographer Hawk Dunlap shows a stick, reeking of crude oil after dipping it until an improperly plugged well on Antina Ranch near Monahans. Elizabeth Conley/Staff photographer That should have been enough to plug an additional 800 oil wells beyond

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Crypto

Crypto miners are shaking Texans down like they’re the Mafia (Opinion)

Cryptocurrency miners should not be rewarded at all by Gov. Greg Abbott and the state of Texas for creating a crisis with our energy grid, a Chronicle letter writer argues.  Dreamstime/TNS Crypto con Regarding “Mega-cartoon: How crypto miners raised Texans’ electric bill (Opinion),” (Dec. 30): Crypto miners are getting a sweetheart deal from the state

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Loans

Real estate giant poised to become S.F.’s largest residential landlord

A building at 755 O’Farrell St. in San Francisco is part of a massive portfolio of 62 apartment buildings that has been purchased after landlord Veritas defaulted on $766.8 million in loans. Scott Strazzante/The Chronicle Real estate giant Brookfield has purchased a massive portfolio of loans tied to 76 San Francisco apartment buildings following one

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