Alberta Considers Public Funds for Oil and Gas Cleanup
Energy Minister Brian Jean suggests taxpayer dollars may be needed to address the province's backlog of unreclaimed wells.
- Alberta has nearly half a million energy wells, with less than a quarter reclaimed, creating a significant environmental liability.
- The cleanup bill for these sites is estimated to range between $59 billion and $260 billion.
- Energy companies are legally required to clean up their sites, but may need financial assistance to fulfill these obligations.
- The UCP government has proposed programs using taxpayer dollars to aid in the cleanup, facing criticism from various sectors.
- Consultations for new legislation, expected by fall 2025, are underway with industry players and other stakeholders, excluding environmental groups.