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Alberta oil well report updated after concerns over taxpayer backstop recommendation

  • A report about Alberta's inactive oil wells now suggests the province manage a new insurance fund instead of using taxpayer money, addressing previous concerns about well reclamation responsibilities.
  • Environmentalists criticized the previous draft for allowing oil companies to escape reclamation duties, stressing the importance of legally required cleanups.
  • David Yager's report includes over 20 recommendations, including creating companies to manage inactive wells and fund cleanup through profits.
  • Energy Minister Brian Jean's office indicated that further details on which recommendations will be implemented will be shared in the coming months.
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The Globe & MailThe Globe & Mail
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Alberta oil well report updated after concerns over taxpayer backstop recommendation

Alberta considers how to approach nearly 80,000 inactive but not reclaimed oil and gas wells littered across the province

·Canada
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www.dn.no broke the news in on Thursday, April 3, 2025.
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