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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Alberta's plan to manage inactive oil wells now leaves taxpayers off the hook
A new version of a government-commissioned report about Alberta's inactive oil wells and what to do about them now says the province should manage a new insurance fund, rather than backstop it with taxpayer funding.
·Canada
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Total News Sources21
Leaning Left7Leaning Right2Center3Last UpdatedBias Distribution58% Left
Bias Distribution
- 58% of the sources lean Left
58% Left
L 58%
C 25%
R 17%
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