Alberta revises oil well report amid taxpayer backstop concerns

Multiple stories report revisions to Alberta’s oil well management plan for nearly 80,000 inactive wells. Officials are addressing concerns over direct taxpayer liability by proposing an insurance fund instead of traditional backstop measures. The updated report reexamines government recommendations to mitigate environmental and fiscal risks while streamlining the remediation process.

calgaryherald.com / Alberta oil well report updated after concerns over taxpayer backstop recommendation

Energy Minister Brian Jean's office didn't directly answer questions about why the wording was changed

theglobeandmail.com / Alberta oil well report updated after concerns over taxpayer backstop recommendation

Alberta considers how to approach nearly 80,000 inactive but not reclaimed oil and gas wells littered across the province

thestar.com / Alberta oil well report updated after concerns over taxpayer backstop recommendation

A new version of a government-commissioned report about Alberta's inactive oil wells and what to do about them now says the province should manage a new insurance fund, rather than backstop it with taxpayer funding.

winnipegfreepress.com / Alberta oil well report updated after concerns over taxpayer backstop recommendation

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Alberta revises oil well report amid taxpayer backstop concerns

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