Can Solar Energy Breathe new life into Abandoned Oil Well Sites? With Speaker Keith Hirsche
Southern Alberta Council on Public Affairs (SACPA)

Can Solar Energy Breathe new life into Abandoned Oil Well Sites? With Speaker Keith Hirsche

2021-11-04
Alberta has 170,000 plus inactive and abandoned oil wells and over 3000 orphan wells that have been abandoned by failed companies. It all adds up to a liability in excess of $30 billion against a total security deposit of less than $250 million. There is also a growing tax liability. In a survey, the Rural Municipalities Association of Alberta (RMA) found $245 million in unpaid property taxes owed by oil and gas companies in February 2021, a 200 percent increase from 2019. Lease arrears to land owners, are...
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