The Drilldown: Alberta announces $100 million loan to decommission abandoned oil and gas wells - 2020-03-03

From UmbraXenu
Jump to: navigation, search
F0.png The Drilldown: Alberta announces $100 million loan to decommission abandoned oil and gas wells March 3, 2020, Felixe Denson, iPolitics

The Albertan government announced yesterday that it will be financing a $100-million loan to the Orphan Well Association to help clean up abandoned oil and gas wells in the province. This loan is expected to help decommission 1,000 orphan wells and will create 500 new jobs for those who have lost their jobs as oilfield workers, according to the Financial Post.

Meanwhile, construction on the Costal GasLink LNG pipeline project was confirmed to start back up on Monday morning, and the RCMP has reoccupied the area, patrolling the road that gives contractors access to the work site, reported the Globe and Mail.

"There's a difference of opinion around the Coastal GasLink project, but the permits are in place, it's approved, it's under way," said B.C. Premier John Horgan yesterday to the provincial Legislature.

Wikipedia cite:
{{cite news | first = Felixe | last = Denson | title = The Drilldown: Alberta announces $100 million loan to decommission abandoned oil and gas wells | url = https://ipolitics.ca/2020/03/03/the-drilldown-alberta-announces-100-million-loan-to-decommission-abandoned-oil-and-gas-wells/ | work = iPolitics | date = March 3, 2020 | accessdate = March 4, 2020 }}