rjpayne@lemmy.ca to Canada@lemmy.ca · 3 days ago‘Largest single transfer in history’: 4,000 oil and gas wells just became orphans — nearly doubling Alberta’s totalthenarwhal.caexternal-linkmessage-square8linkfedilinkarrow-up168arrow-down10
arrow-up168arrow-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 days agomessage-square8linkfedilink
minus-squareusualsuspect191@lemmy.calinkfedilinkarrow-up20·3 days 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 days 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-up2·2 days 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