TheGentYYCFeb 11, 2023

Here's the prime #OrphanOilwell problem as I understand it: #BigOil (which has all the $ in the world) "sells off" spent oilwells to small companies going bankrupt & who could *never* afford cleanup in the first place. This from an industry claiming to produce #EthicalOil.

It's the same bunch of crooks that'd like us to trust them on #CCS and think Canada should give them billions. Just ask the enormous liars at
#PathwaysNetZero.

#abpoli #ableg #cdnpoli #OILigarchy

https://www.cbc.ca/news/canada/calgary/alberta-orphan-wells-cleanup-bill-12-1.5528257

OPINION | On orphan wells, dine-and-dash should not be the business model | CBC News

For decades, conservative governments in Alberta allowed oil and gas companies to pump profits into their pockets before dumping the mess on others.

CBC
Show threadTheGentYYCFeb 11, 2023

If ultra-wealthy industry front groups begging money from governments like #PathwaysNetZero want a shred of credibility they need to answer whether they agree with #Scotiabank (no innocents themselves on all this) or not. Every Albertan deserves an answer.

#abpoli #ableg #cdnpoli #OILigarchy

https://www.thestar.com/business/2023/02/09/scotiabank-says-royalty-credits-for-well-cleanup-would-damage-industrys-reputation.html

Scotiabank says royalty credits for well cleanup would damage industry’s reputation

CALGARY - Scotiabank is warning that the Alberta government’s plan to give oil companies a royalty credit for cleaning up their old wells could damage...

thestar.com
JanineGioFeb 12, 2023
Show threadTheGentYYC

Obviously it should go without saying that any #BigOil company that sold their #OrphanWells to companies all knew couldn't pay for the cleanup should not only not get one cent of this 20 billion but no federal #CCS $ either. Same with oil companies that took #CERB then turned around and offered #ShareBuyBacks to investors. Fool me once...

#abpoli #ableg #DanielleSmith #NDP #cdnpoli #OILigarchy https://www.macleans.ca/news/canada/bankrupt-oil-companies-are-saddling-alberta-landowners-with-orphan-wells/

Bankrupt oil companies are saddling Alberta landowners with 'orphan wells' - Macleans.ca

The Orphan Well Association is tasked with cleaning up the environmental messes left behind, but it’s having trouble keeping up as oil companies collapse

Macleans.ca
Feb 11, 2023 at 5:46pmWeb