"My faith that the is making some form of really careful stress test on these companies is just not there," said Mike Judd, a retired guide and outfitter who lives in the middle of the gas field and has filed a statement of concern over the sale.
The Alberta Energy Regulator must approve the transfer, a decision it must make as it copes with a growing list of wells, pipelines and other infrastructure abandoned by companies that went bankrupt during the energy price slump. "We ... are broadening our assessment processes to allow for a more holistic approach to assess a company's ability to address its end-of-life obligations," said an email from regulator spokesman Shawn Roth.
"You would think these assets fit under that discussion," he said. "They keep talking about wanting to rework the existing policy they have for ensuring assets are properly looked after. At some point they're going to have to be proactive and take steps to make sure that happens." Fluker said Albertans deserve more than company assurances that those who profit from the province's resources are able to clean up their mess. This sale is a chance to establish clear, publicly understood rules for such transfers, he said.
Somebody really needs to buy a map. Pincher Creek isn't even close to Fort McMurray (the picture shown). Natural gas & crude oil are also very different products. Lazy reporter.
Cleanup will be a taxpayer cost as these mollycoddled mega Corporations cry poor and head back to Holland China. Federal tax payers.