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In a mandate letter to Alberta’s energy minister, Premier Danielle Smith indicated that oil well cleanup is a top priority and wants to incentivize companies to clean old sites.
Alberta’s feel-good budget assumes $10 a barrel more than the current rate.
BILL WHITELAW: Cleaning up inactive assets in Alberta continues to hang over the energy sector like a dark cloud
BILL WHITELAW: Cleaning up inactive assets in Alberta continues to hang over the energy sector like a dark cloud
The Alberta Energy Regulator is being directed to only approve industry licences or their transfer if companies paid their municipal taxes.