This is a news compilation setting the record straight on the day’s top anti-oil and gas stories and providing research and facts to counter misinformation about the oil and gas industry.
News report from former Observer Media reporter, a media network with funding from the biased foreign activist organizations such as Tides, pushes activist narrative that Alberta has unmanageable oil and gas liabilities.
Alberta officials warned oilpatch faced ‘landslide’ of failures. Then coronavirus struck
Orphaned wells are still being cleaned up. Even during the pandemic.
- Observer Media, the parent company of the National Observer received funding from the Tides Network in 2015, for Observer Media Group Reporting. This is the same year the National Observer was launched.
- The report mentions nothing about the Redwater Decision in January 2019 from the Supreme Court Canada. The court ruled that even after going bankrupt, an oil and gas company must fulfill provincial environmental obligations before paying anyone else, even secured creditors.
- Despite the huge number the author uses for well-clean up liabilities, the likely number is 80% less from a theoretical “worst-case scenario” if the oil and gas industry suddenly shut down.
- Even before the pandemic hit, abandoned and orphaned wells were being decommissioned and remediated. In 2019, the Orphan Well Association decommissioned 982 wells in 2019. That year there were also 850 wells in the final stages of reclamation, including vegetation monitoring.
- According to the Government of Alberta, of the $1 billion given to Alberta for well-reclamation from the federal government, $273.3 Million in grant funding has been approved and is being allocated to 456 Alberta-based companies. This funding will lead to the creation of approximately 1,310 jobs, as estimated by oil field services companies in their applications.