What would it cost to clean up Alberta’s oilpatch? $260 billion, a top official warns
Cleaning up the Alberta oilpatch could cost an estimated $260 billion, internal regulatory documents warn.
The staggering financial liabilities for the energy industry’s mining waste and graveyard of spent facilities were spelled out by a high-ranking official of the Alberta Energy Regulator (AER) in a presentation to a private audience in Calgary in February.
The estimated liabilities are far higher than any liability amount made public by government and industry officials.
The official, Rob Wadsworth, Vice President of Closure and Liability for the AER, says a “flawed system” of industrial oversight is to blame.
He called on all stakeholders to accept tougher regulations and move away from a system that now allows the largest companies to take centuries to clean up their toxic well site graveyards.
https://www.thestar.com/news/invest...ilpatch-260-billion-a-top-official-warns.html
Leave and you don't get any help cleaning up this ecological disaster.Most of the big oil companies are getting out while the getting is good. They sure as hell ain't gonna clean it up.
Cleaning up the Alberta oilpatch could cost an estimated $260 billion, internal regulatory documents warn.
The staggering financial liabilities for the energy industry’s mining waste and graveyard of spent facilities were spelled out by a high-ranking official of the Alberta Energy Regulator (AER) in a presentation to a private audience in Calgary in February.
The estimated liabilities are far higher than any liability amount made public by government and industry officials.
The official, Rob Wadsworth, Vice President of Closure and Liability for the AER, says a “flawed system” of industrial oversight is to blame.
He called on all stakeholders to accept tougher regulations and move away from a system that now allows the largest companies to take centuries to clean up their toxic well site graveyards.
https://www.thestar.com/news/invest...ilpatch-260-billion-a-top-official-warns.html
Leave and you don't get any help cleaning up this ecological disaster.Most of the big oil companies are getting out while the getting is good. They sure as hell ain't gonna clean it up.