Airboy
Senior Member
didn't the feds give us money for the same thing.Sooo…
The cost of cleaning up abandoned wells was estimated by the Alberta Energy Regulator in 2018 to be $58,650,000,000 and that might well prove to be low. Whatever it is, it’s going to be a lot of money and one of the problems is that it’s hard to relate to that much money.
Danielle Smith’s R-Star program is now proposing that that cost - whatever it is - be borne by the taxpayers of Alberta through the forgiveness of royalty payments that would otherwise flow to the government of Alberta.
There are approximately 1,900,000 working Albertans. This amounts to every single working Albertan paying the equivalent of MORE THAN $30,000 OF THEIR HARD EARNED WAGES AS ADDITIONAL TAX DOLLARS to already profitable producing oil companies to do what they are already obligated to do!!!
No wonder the author concludes that “for the oil industry, having your lobbyist become premier could be a dream come true”.
https://nationalpost.com/news/canada/dishing-with-dkg-what-to-do-about-the-oilpatchs-orphan-wells
Yah there is is in April 2020.https https://www.cbc.ca/news/canada/calgary/federal-oil-and-gas-orphan-wells-program-1.5535943
And the GoA gave the Orphan well association money a month earlier.
Alberta government announced a $100 million loan to the Orphan Well Association.
and again in 2009 and 2017
2009, the Alberta government has given the Orphan Well Association more than $30 million in grants, and the province loaned the organization $235 million in 2017.
It looks like the money is just pocketed or at least gets used instead of the companies money.
https://thenarwhal.ca/cnrl-cenovus-oil-cleanup-subsidies/
https://www.nationalobserver.com/2021/07/07/news/what-did-alberta-do-trudeau-money-oil-gas-cleanup
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