Close X
Thursday, November 28, 2024
ADVT 
National

Abandoned wells cost landowners, taxpayers: study

Darpan News Desk The Canadian Press, 20 May, 2021 09:57 AM
  • Abandoned wells cost landowners, taxpayers: study

A report from the University of Calgary says the costs of Alberta's growing stock of abandoned and inactive oil and gas wells are falling unfairly on landowners and taxpayers.

Braeden Larson of the university's School of Public Policy says the scope of the problem is growing rapidly.

He says more than half of all oil and gas wells in the province no longer produce but haven't been cleaned up.

Over the last six years, the number of inactive wells has quintupled and those wells are staying quiet for longer — more than half have been inactive for more than a decade.

Larson quotes earlier research suggesting more than 10 per cent of inactive wells leak.

Fewer landowners are getting the rent they're owed, and taxpayer-funded settlements increased twelvefold between 2014 and 2018.

Larson says government well cleanup programs tend to favour what's convenient for industry.

He says Alberta should consider increasing penalties for offending companies and putting time limits on well cleanup.

MORE National ARTICLES

O'Toole muses about mandatory voting

O'Toole muses about mandatory voting
The remarks came when O'Toole was asked about proportional representation during an event hosted by the Delta Chamber of Commerce in British Columbia earlier this month.

O'Toole muses about mandatory voting

Alberta wins court battle with B.C. over TMX

Alberta wins court battle with B.C. over TMX
B.C. initially appealed the constitutionality of the Preserving Canada’s Economic Prosperity Act, arguing Alberta does not have the power to discriminate by limiting oil exports to other provinces.

Alberta wins court battle with B.C. over TMX

Ontario asks feds to administer topped-up sick pay

Ontario asks feds to administer topped-up sick pay
The provincial finance minister proposed the change in a letter to the federal government, saying the move would give $1,000 a week to eligible workers.

Ontario asks feds to administer topped-up sick pay

Wilkinson proposes changes to net-zero bill

Wilkinson proposes changes to net-zero bill
Citing the potential influence of "climate activists" on a panel set up to tell the government, the Conservatives have moved to quash the bill.

Wilkinson proposes changes to net-zero bill

Health workers heading to COVID-19 hot zones

Health workers heading to COVID-19 hot zones
Prime Minister Justin Trudeau says help is on the way to Ontario and Nova Scotia already and discussions are underway with Alberta.

Health workers heading to COVID-19 hot zones

Excess profits tax would garner $7.9B: PBO

Excess profits tax would garner $7.9B: PBO
The estimate by budget officer Yves Giroux, in response to a request from the NDP, was calculated by looking at companies whose profits exceeded their 2020 expectations.

Excess profits tax would garner $7.9B: PBO