Alberta oil well report updated after concerns over taxpayer backstop recommendation

Alberta oil well report updated after concerns raised over taxpayer backstop recommendation

The Alberta Energy Regulator says there are nearly 500,000 licensed oil and gas wells across the province, although only about 50,000 are active.

Alberta's plan to manage inactive oil wells now leaves taxpayers off the hook

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.

Alberta oil well report updated after concerns over taxpayer backstop recommendation

Alberta considers how to approach nearly 80,000 inactive but not reclaimed oil and gas wells littered across the province

When the AP National Assembly is to adopt a new policy for the future, it is responsible for adjusting the course of oil policy.