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An oil and gas company just left behind an estimated $476M cleanup bill in Alberta (thenarwhal.ca)
submitted 5 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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[–] 2 points 5 months ago (1 child)

Well, it used to be that the resources and mining were federally owned, thanks to Pierre Trudeau, but Mulroney had that repealed. We'd have all been way better off if we still got to keep the profits of our resource extraction.

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