Alberta’s energy regulator has transferred control of thousands of oil and gas wells and other facilities held by a troubled Calgary company to the group that’s responsible for cleaning up poorly maintained or abandoned sites.
Alberta’s energy regulator has transferred control of thousands of oil and gas wells and other facilities held by a troubled Calgary company to the group that’s responsible for cleaning up poorly maintained or abandoned sites.
The lack of suitable bonds to cover cleanup seems to be a regulatory thing.
That seems to be missed, or isn’t adequate to cover the costs.