Alberta oil well report updated after concerns over taxpayer backstop recommendation

News Room
By News Room 7 Min Read

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.

The tweaked language is one of a few changes made to the report, a draft version of which was leaked to media last month leading critics to warn Alberta’s government was being pushed to let oil and gas companies off the hook for reclaiming wells, as is legally required.

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