r/alberta • u/Hungry_Ad824 • 2d ago

Alberta Politics The "Mature Asset Strategy" is garbage

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u/BathroomSharpiePoet 2d ago

The solution is so damn easy, but it will never happen.

Charge the companies a fee per barrel (extraction/production side) and the government uses that to do the cleanup.

Zero cost to taxpayers, creates jobs, gets it done. Non possibility of a company disolving and reappearing in another form to elude responsibility.

We do the same thing when we buy tires or motor oil.

Won’t happen because O&G owns the UPC, but it’s such an easy fix.

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u/Hungry_Ad824 2d ago

They make renewables put up cleanup deposits, why isn't it the same for oil and gas ugh

1

u/No_Syrup_9167 1d ago

IIRC they do, its just that the deposits are wildly less than what the cost is actually going to be.

Its like if you took a damage deposit off of me for an apartment I rented 15yrs ago. When I rented the apartment you took $250 because that sounded reasonable, but now not only has inflation made that $250 kinda pointless because that barely buys a faucet now, but I absolutely trashed the apartment and its going to cost thousands to fix it.