Cleanup liabilities in Alberta’s oil patch: Risks vs. costs
Climate and Energy Alberta Catastrophic Risk Oil & Gas Sector Polluter Pay Provincial PolicyLast week, a news story broke with an eye-grabbing headline: Cleaning up Alberta’s oil patch could cost $260 billion. This figure massively exceeded the provincial regulator’s official estimate of $58 billion. Reading a little further down revealed some key details. First, the $260 billion was — according to the Alberta Energy Regulator — a worst-case scenario. Second, […]