Quote:
Originally Posted by Wolven
At a high level:
1) No more public money for pipelines. If the new Major Project Office is going to do the job of clearing red tape then a private proponent that sees the value in a pipeline can step up and work with the MPO to make it happen
2) Orphaned wells are going to cost Alberta over $1B - the O&G industry should be paying for that
3) No more royalty reductions, tax breaks, grants, or special loans for O&G - https://fossilfuelsubsidytracker.org/methodology/
4) Do not let them off the hook on tailings water. They need to invest into how to clean that water up to the point where they can reuse it within their process. Or better yet, make their CEOs drink it once they say it is "clean". |
I'm sadly going to cite a podcast, rather than an document, so harder for people to check my citations, and obviously paraphrasing from memory.
But Energy vs Climate podcast estimates the well cleanup liability in Alberta to be as high as 30-40% of every dollar in royalty revenue that Alberta has ever received from industry, the would be something in the range of $100 Billion. They also estimate that while Orphan Wells is only carrying about 1-2% of that liability currently, the regulations are built to create a bubble in the distant future where the vast majority of that will get dumped on them without recourse. This is a very real enormous subsidy that isn't well accounted for, because it's being obscured from public view through regulations.