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For those the bitch about green subsidies


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Maybe try reputable news sources instead of green propoganda sites.  

 

https://www.theglobeandmail.com/news/alberta/orphan-wells-left-behind-in-albertas-oilslump/article29301010/

There are some issues with loopholes in bankruptcy laws, but in general, there is a system in place to oversee that wells are remediated by the oil companies.  Plus there is also the industry funded Orphan Well Association as a back stop.  

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"Industry funds the majority of the costs incurred by the OWA through an Orphan Fund Levy. The AER assesses and collects a levy amount based on the deemed abandonment and reclamation liabilities held by each company and then remits the collected funds to the OWA."

 

 

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9 hours ago, Sal Rosenberg said:

 

It took you an hour to get 2 one line responses to this weak shit . Who's the Fucktard ?

:lol:

Triggered over me  quoting the web sites explainer?  Unstable as a Florida bridge

 

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8 hours ago, sledderj said:

 

Maybe try reputable news sources instead of green propoganda sites.  

 

https://www.theglobeandmail.com/news/alberta/orphan-wells-left-behind-in-albertas-oilslump/article29301010/

There are some issues with loopholes in bankruptcy laws, but in general, there is a system in place to oversee that wells are remediated by the oil companies.  Plus there is also the industry funded Orphan Well Association as a back stop.  

 

Lmao oops 

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Usually there are ordinances in place that require a sizeable deposit to a government entity in case situations like this happen.  This protects the taxpayers so they are not on the hook to clean it up.  Sounds like someone either dropped the ball or another case where a government regulator was not doing their job.  Funny how it boils down to that, yet everyone wants to strictly lay blame on the company.  

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17 hours ago, sledderj said:

 

Maybe try reputable news sources instead of green propoganda sites.  

 

https://www.theglobeandmail.com/news/alberta/orphan-wells-left-behind-in-albertas-oilslump/article29301010/

There are some issues with loopholes in bankruptcy laws, but in general, there is a system in place to oversee that wells are remediated by the oil companies.  Plus there is also the industry funded Orphan Well Association as a back stop.  

 

 

8 hours ago, racer254 said:

Usually there are ordinances in place that require a sizeable deposit to a government entity in case situations like this happen.  This protects the taxpayers so they are not on the hook to clean it up.  Sounds like someone either dropped the ball or another case where a government regulator was not doing their job.  Funny how it boils down to that, yet everyone wants to strictly lay blame on the company.  

Loopholes in bankruptcy laws. Like setting up companies to take over end of life wells and then going tits up and leaving the taxpayer with the bill.  

 

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