Study says easing rules on transfer of unreclaimed oil wells could speed cleanup
CALGARY – A report says Alberta should lower regulatory barriers that discourage businesses from reusing abandoned oil and gas wells.
The Canada West Foundation says that could include allowing companies to sell off defunct energy infrastructure without completely cleaning it up.
The study says that could make it easier for industries involving geothermal power, lithium production or solar energy to use parts of old sites that are still useful.
The foundation says the Alberta Energy Regulator also has to decide how it wants to regulate those industries and how the new ventures could mesh with current oil and gas rules.