Cleanup of Alberta’s Abandoned Oil Wells Could Cost $70 Billion VICEScattered across Alberta are more than 300,000 oil and gas wells. About 167,000 of them are inactive and abandoned wells that a coalition of landowners, ... Read more https://ww …
Bankrupt energy companies can’t abandon old oil wells, Supreme Court rules Global NewsThe Supreme Court of Canada says the trustee for a bankrupt Alberta energy company cannot simply walk away from unprofitable wells on agricultural land ... Rea …
Globalnews.caAlberta oil and gas producers accelerate old well cleanupsGlobalnews.caThe AER rules, in short, say that if a proposed oil and gas transaction results in the estimated value of a company's assets falling to less than twice its future recla …