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CKA Uber
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 Vancouver Canucks
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PostPosted: Thu Jan 31, 2019 8:14 am
 


Title: Supreme Court rules energy companies cannot abandon old wells
Category: Environmental
Posted By: DrCaleb
Date: 2019-01-31 06:38:23
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CKA Moderator
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PostPosted: Thu Jan 31, 2019 8:14 am
 


Externalizing costs is illegal! W00t!

R=UP


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CKA Super Elite
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 Toronto Maple Leafs
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PostPosted: Thu Jan 31, 2019 8:26 am
 


Well, oil be damned.


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CKA Uber
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PostPosted: Thu Jan 31, 2019 8:39 am
 


You make a mess, you clean it up.


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PostPosted: Thu Jan 31, 2019 9:14 am
 


Oils well that ends well.


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CKA Uber
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 Calgary Flames
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PostPosted: Thu Jan 31, 2019 9:26 am
 


Probably affect some future investments but the kind of investors who just want a fast buck and then walk away aren't the kind of people we want in the industry anyway. I note that the appeal was backed by the Orphan Well Association, the clean-up agency created by the industry itself, which means the better and more responsible companies obviously (a) wanted a final SCOC decision to clarify everything once and for all and (b) wanted this result so they won't be tainted by the bad actions of the bad actors. If it's all just removals of rusty pump-jacks and valves it isn't going to be a huge cost for removal and remediation anyway. If the equipment was installed properly, which has always been subject to provincial inspection before they're allowed to go into operation, then there shouldn't be much of a spill problem to clean up at the vast majority of these sites.


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