Bankrupt energy companies can’t abandon old wells, Supreme Court says

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Bankrupt energy companies can’t abandon old wells, Supreme Court says GlobeBusiness

 

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globebusiness AHHHH HATE TO TELL YOU THIS BUT THEY ALREADY HAVE ABANDONED THEM,LEAVING CANADIAN TAXPAYER'S $$$$ TO CLEAN UP (OR NOT?) THE MESS!!

globebusiness This will no doubt have a very important impact on farm-in deals,as risk flows from the existing License Holder to the Farminee.I have Always believed that the regulator should manage a fund,paid into by operators on a profit-share basis,to fund independant decommissioning.

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