A new analysis from @redwaterinsights.bsky.social shows how Perpetual Energy shifted $200M in unprofitable, late-life assets to a newly formed, poorly financed company (Sequoia), which went bankrupt & overloaded AB's Orphan Well Association. www.redwaterinsights.org/research/dec... #ABLeg #ABPoli
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Decommissioning Defaults: The risks of late-life oil and gas assets — Redwater Insights
International case studies of systemic failure in how oil and gas decommissioning liabilities are allocated and enforced. They evidence the need for robust financial assurance frameworks that ensure o...