Critics concerned about latest well reclamation idea
EDMONTON — Alberta’s Energy Regulator is considering giving oil and gas companies an advance break on the environmental liabilities of old well sites before the cleanup is certified complete.
But critics say the proposal weakens the ability of landowners to hold bad actors to account and depends on an audit system that many already question.
The proposal would let companies reduce their liability for an old well as soon as the work has been done, instead of having to wait until the site has healthy plant cover.
The regulator says the move would reward companies that remediate their old sites promptly, cutting the amount of environmental red ink on their books and making it easier for them to sell or buy old wells.