Quote:
Originally Posted by Frequitude
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Excellent point and a breakdown in my logic. Thank you. I guess the point I was trying to get across was more that I don't have a dog in this fight other than my position as a royalty receiving Albertan (via funded services).
In general, it is unfortunate we are in this situation due to past oversights. I wish we had had a framework akin to the Mine Financial Security Program to enforce setting aside reclamation dollars during operating lifetimes and well before the spend is needed, similar to what the Oil Sands companies have for the mine and tailings liabilities (which are deductible against royalties).
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I misspoke here:
Orphan wells are the responsibility of the OWA which is funded by industry and
are would be a large liability to government coffers
if the OWA did not exist.