Alberta Energy Minister says public money could help finance cleanup of unreclaimed oil, gas sites

Alberta’s energy minister is promising strong action by next fall to clean up the province’s growing backlog of unreclaimed oil and gas sites.

Meanwhile, the province’s conventional oilpatch is in decline, with production falling slightly over the last decade. Less than 30 per cent of Alberta’s wells are new or active. The United Conservative Party government has already proposed two programs that would use taxpayer dollars to help energy companies pay for their legally required cleanup. Both have been heavily criticized.

“At this stage, I would say the Orphan Well Association is well funded. But the truth is, it’s going to change.”“We need to make sure our industry is able to operate competitively and, as such, lower the regulatory burden as far as things that aren’t necessary,” Jean said.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Energy minister says public money could help finance Alberta energy cleanupEDMONTON — Alberta's energy minister is promising strong action to clean up the province's growing backlog of unreclaimed oil and gas sites.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Energy minister says public money could help finance Alberta energy cleanupEDMONTON — Alberta's energy minister is promising strong action to clean up the province's growing backlog of unreclaimed oil and gas sites.
Source: SooToday - 🏆 8. / 85 Read more »

Public money could help finance Alberta oil and gas site cleanups: Energy ministerThe issue of how to fund cleanups at a time when conventional oil and gas is declining has brought the Alberta government into conflict with landowners and rural municipalities.
Source: GlobalCalgary - 🏆 50. / 61 Read more »