This translation has been automatically generated and has not been verified for accuracy.The federal government hopes to create up to 10,000 jobs in the hard-hit energy sector by providing more than $2.4-billion to help laid-off workers clean up orphan oil-and-gas wells and stop the leakage of methane gas.
“To help these workers, our government will invest $1.7-billion to clean up orphaned and inactive wells in Alberta, Saskatchewan and B.C.,” he said. “Cleaning them up will bring people back to work and help many landowners who had these wells on their property for years but haven’t be able to get them taken care of and the land restored.”Mr.
The $2.4-billion falls far short of the $20-billion to $30-billion demanded by Alberta, including additional liquidity for hard-hit energy companies.
globepolitics See our statement:
globepolitics It will be another slush fund and nothing will actually be done.
globepolitics Going forward, all O &G companies should need to have a Clean-up Reserve fund, held in joint by the Government, for this exact thing. If you are a good corporate citizen and leave the ground better than you found it, you get it back,otherwise the Government uses it to restore it
globepolitics This is the thing that perhaps is the most disgusting about resource development where too many people go in, make a mess, sell the resource, create many jobs while the resource sells and make profits but never use the wealth to make land better or at least the same as natural...
globepolitics FYI- Alberta alone needs $260 billion for a clean up. Profits are private and liabilities are public. cdnpoli abpoli Ableg