Close X
Tuesday, December 3, 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

Carney makes political debut at convention today

Carney makes political debut at convention today
Trudeau dodged questions Friday about Carney's possible political future just hours before the former governor of the Bank of Canada and Bank of England was set to make a star turn at the federal Liberals' national convention.

Carney makes political debut at convention today

A look at some of Prince Philip's visits to Canada

A look at some of Prince Philip's visits to Canada
The Queen and Prince Philip have lavished much attention on Canada over their lives, each visiting the country more than 20 times over the years.

A look at some of Prince Philip's visits to Canada

Hospitals seeing influx of COVID-19 patients: Tam

Hospitals seeing influx of COVID-19 patients: Tam
Tam says 860 of these patients were in intensive-care units, which is an increase of 23 per cent over the previous week.

Hospitals seeing influx of COVID-19 patients: Tam

Canada mourns passing of Prince Philip

Canada mourns passing of Prince Philip
Trudeau says the Duke of Edinburgh "maintained a special relationship" with Canada's Armed Forces.

Canada mourns passing of Prince Philip

NDP policy convention kicks off today

NDP policy convention kicks off today
Party members cast their votes recently to whittle down hundreds of proposed resolutions into a short list whose top policies include a $15 federal minimum wage and a call to "abolish billionaires" and for-profit long-term care.

NDP policy convention kicks off today

Economy adds 303,000 jobs in March: StatCan

Economy adds 303,000 jobs in March: StatCan
There were about 95,000 more retail jobs for the month, fully recouping losses sustained in January lockdowns.

Economy adds 303,000 jobs in March: StatCan