Ottawa contributing $1.7B to orphan well cleanup in west

Prime Minister Justin Trudeau announced Friday morning Ottawa would be investing $1.7 billion in orphan and inactive well cleanup in Alberta, Saskatchewan, and B.C.

“Our goal is to create immediate jobs in these provinces while helping companies avoid bankruptcy and supporting our environmental targets,” Trudeau said. Alberta’s Orphan Well Association estimates there are some 6,500 abandoned wells throughout the province.Canada is also creating a $750 million emissions reduction fund focused on methane pollution, and which earmarks $75 million specifically for offshore firms on the east coast. Trudeau said the fund would be distributed as repayable contributions that would help businesses maintain their competitiveness, staff and climate targets.

Why are we paying for this and not the greedy oil companies themselves?

Why aren't these dam oil companies paying to clean up their own mess? No wonder Alberta has such a bad name.

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Ottawa announces $1.7-billion to clean up orphan oil wells in Western CanadaPrime Minister Justin Trudeau says measures could provide up to 10,000 jobs for laid-off energy workers globepolitics FYI- Alberta alone needs $260 billion for a clean up. Profits are private and liabilities are public. cdnpoli abpoli Ableg 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 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
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