Energy & Science
Trudeau’s Dead-Well Cleanup Funds Said to Mandate Tougher Rules
- Canada commits $1.2 billion to help fund orphan well cleanup
- Oil price crash in 2014 has led to increase in abandoned wells
Prime Minister Justin Trudeau
Photographer: David Kawai/BloombergThis article is for subscribers only.
Canada’s plan to spend $1.2 billion to help clean up the country’s derelict oil wells comes with strings attached: tougher environmental rules for the energy-rich province of Alberta.
The province with most of the country’s oil reserves has agreed to tougher rules and enforcement to prevent a backlog of abandoned wells in the future, said a person familiar with the matter, who spoke on condition they not be identified because they aren’t authorized to speak publicly on the matter. There will also be more municipal, landowner and indigenous input, the person said.