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

COVID19 outbreak declared at Segal Centre at Vancouver General Hospital

COVID19 outbreak declared at Segal Centre at Vancouver General Hospital
Vancouver Coastal Health has immediately implemented strict infection prevention and control protocols to prevent further transmission of COVID-19.

COVID19 outbreak declared at Segal Centre at Vancouver General Hospital

Clinicians advised to limit use of COVID drug

Clinicians advised to limit use of COVID drug
The COVID-19 science advisory table says the drug is recommended for critically and moderately ill COVID-19 patients within 14 days of hospital admission.

Clinicians advised to limit use of COVID drug

Ambassador sees new leverage in lumber dispute

Ambassador sees new leverage in lumber dispute
Kirsten Hillman told a British Columbia forest industry conference that high lumber prices could affect U.S. President Joe Biden's ability to fulfil his pandemic recovery goals, which include more affordable, environmentally friendly housing.

Ambassador sees new leverage in lumber dispute

Woman and 5 year old child badly hurt in crash: New Westminster Police

Woman and 5 year old child badly hurt in crash: New Westminster Police
An adult female and a five year old child who were passengers in the vehicle suffered injuries requiring hospitalization.

Woman and 5 year old child badly hurt in crash: New Westminster Police

Province providing $50 million in COVID19 funding for hard-hit businesses

Province providing $50 million in COVID19 funding for hard-hit businesses
The new Circuit Breaker Business Relief Grant will provide affected businesses with up to $10,000 in one-time funding to help with expenses like rent, insurance, employee wages, maintenance and utilities

Province providing $50 million in COVID19 funding for hard-hit businesses

School in Port Moody evacuated for police incident

School in Port Moody evacuated for police incident
No information as to why the staff and students were forced out and the police called in.

School in Port Moody evacuated for police incident