this post was submitted on 01 Oct 2024
29 points (100.0% liked)

Canada

7147 readers
246 users here now

What's going on Canada?



Communities


🍁 Meta


πŸ—ΊοΈ Provinces / Territories


πŸ™οΈ Cities / Regions


πŸ’ SportsHockey

Football (NFL)

  • List of All Teams: unknown

Football (CFL)

  • List of All Teams: unknown

Baseball

Basketball

Soccer


πŸ’» Universities


πŸ’΅ Finance / Shopping


πŸ—£οΈ Politics


🍁 Social & Culture


Rules

Reminder that the rules for lemmy.ca also apply here. See the sidebar on the homepage:

https://lemmy.ca


founded 3 years ago
MODERATORS
 

Alberta's orphan well woes are about to swell following the end of a controversial court case involving some of the biggest names in the Canadian oilpatch.

The province's Orphan Well Association (OWA) is tasked with cleaning up oil and natural gas wells that no longer have an owner, something that is often caused by a company going bankrupt.

The OWA already has an inventory of about 1,600 wells in need of closure and reclamation. That workload is expected to more than double as the bankruptcy of Sequoia Resources is finally settled β€” a court case that has been followed closely by many because of its broad implications for landowners, industry and taxpayers.

With Sequoia, the OWA is expecting to inherit 1,800 to 2,000 more wells, in addition to the company's other infrastructure, such as pipelines. The estimated clean-up cost of the Sequoia properties is about $200 million.

you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 4 points 4 days ago

Just make the taxpayers pay for the clean up. We would not want to hurt real people's profit now...