The orphan fund exists to ensure that industry as a whole pays for cleanup when companies go bankrupt. The longer orphan wells sit unreclaimed, the more taxpayers pay to cover unpaid rent to landowners & unpaid municipal taxes. Low orphan levy = delayed cleanup = increased cost to Albertans. #ABLeg
@phillipmeintzer.bsky.socialAlberta's Energy Regulator continues to protect industry profits at the expense of landowners & taxpayers by setting the orphan levy unrealistically low. The latest levy is only $155 million against total orphan cleanup costs of $1.66 BILLION. thenarwhal.ca/alberta-orph... #ABLeg #ABPoli #CDNPoli
thenarwhal.ca
Alberta's orphan well costs reach new record | The Narwhal
Thousands of wells orphaned this year mean the total estimated cost to clean up Alberta oil and gas wells left behind by delinquent companies is now $1.66B