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An oil and gas company just left behind an estimated $476M cleanup bill in Alberta (thenarwhal.ca)
submitted 6 months ago by to c/canada@lemmy.ca
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cross-posted from: https://news.abolish.capital/post/42980

The orphan wells trace back to a tangled web of foreign investors, a company based in the British Virgin Islands and a last-ditch effort to sell to a Chinese company for $22M

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[–] 11 points 6 months ago

As usual the UCP is all talk and fluff. They've been talking about improving this for a long time because it keeps happening and making the news, but they know all they need to do is say they're working on it and people will forget.

We need to tax these companies more and we need to make them pay for cleanup up front, as other have said. Anything less is doing nothing.

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