rjpayne@lemmy.ca to Canada@lemmy.ca · 3 months ago‘Largest single transfer in history’: 4,000 oil and gas wells just became orphans — nearly doubling Alberta’s totalthenarwhal.caexternal-linkmessage-square7linkfedilinkarrow-up169arrow-down10cross-posted to: canada@news.abolish.capital
arrow-up169arrow-down1external-link‘Largest single transfer in history’: 4,000 oil and gas wells just became orphans — nearly doubling Alberta’s totalthenarwhal.carjpayne@lemmy.ca to Canada@lemmy.ca · 3 months agomessage-square7linkfedilinkcross-posted to: canada@news.abolish.capital
minus-squareusualsuspect191@lemmy.calinkfedilinkarrow-up20·3 months agoYup, make them prepay for their cleanup. The fund would need to be held in an account earmarked specifically for that well, inaccessible for anything else (maybe held in trust or something).
minus-squareILikeBoobies@lemmy.calinkfedilinkarrow-up4·3 months agoWithout investing that money It won’t be enough to close it by the time it was ready. It’s better to make new wells pay to clean the old ones before they can start.
minus-squarekent_eh@lemmy.calinkfedilinkEnglisharrow-up2·3 months agoThe orphan wells fund exists. It’s just underfunded and overwhelmed
Yup, make them prepay for their cleanup. The fund would need to be held in an account earmarked specifically for that well, inaccessible for anything else (maybe held in trust or something).
Without investing that money It won’t be enough to close it by the time it was ready.
It’s better to make new wells pay to clean the old ones before they can start.
The orphan wells fund exists.
It’s just underfunded and overwhelmed