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The regulator says the move would reward companies that remediate their old sites promptly, cutting the amount of environmental red ink on their books and making it easier for them to sell or buy old wells
The Alberta Energy Regulator is considering allowing oil and gas companies to reduce their environmental liabilities on old well sites before the cleanup is certified complete.
The Alberta Energy Regulator is considering allowing oil and gas companies to reduce their environmental liabilities on old well sites before the cleanup is certified complete.
Alberta is testing a program offering the oil and gas sector millions in royalty credits to clean abandoned wells. Read on.
The Alberta government is moving ahead with a plan that would give oil and gas companies a tax break for meeting their legal obligations to clean up old well sites, inviting a select group of landowner organizations to a meeting to discuss a pilot project.