 Cleaning up Alberta�s oilpatch could cost $260 billion, regulatory documents warnEnvironmental | 206835 hits | Nov 01 9:53 am | Posted by: DrCaleb  Internal regulatory documents reveal staggering estimate by a top regulatory official. The staggering financial liabilities for the energy industry�s mining waste and graveyard of spent facilities were spelled out by a high-ranking official of the AlbertaCommentsview comments in forum Page 1 You need to be a member of CKA and be logged into the site, to comment on news. |
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�The fact is that there are certainly liabilities with orphan wells, with tailings ponds and with other activities on the landscape, but our government from day one has taken these matters seriously and we�ve actually seen pretty good progress on this,� Phillips said. �There�s no question there�s more to do, but we�ve taken it very seriously from the beginning.�
Goodness, I'm shocked to hear such reasoned discourse from Phillips.
As she notes, this estimate is a worst case scenario (and I'm sure Wadsworth's $58 billion one is best case). Odds are, the costs will fall in the middle somewhere.
It's things like this that justify a much bigger investment in the Heritage Trust Fund so we can mitigate problems like this down the road. Of course, thanks to Klein, the HTF is a shadow of what Lougheed had envisioned.