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EDMONTON — Critics fear Alberta's new United Conservative premier is preparing to bring in a program that would use billions of dollars in taxpayer-funded royalty breaks to subsidize energy companies to fulfil their legal duty and clean up old wells.
On Oct. 22, the day after joining cabinet, Guthrie told the Airdrie Today newspaper that RStar was one of his top priorities. Under RStar, companies would earn credits for remediating old wells up to the total liability the well represents as calculated by Alberta's energy regulator. That credit would then apply against revenue earned from new production to reduce royalties or be sold to another operator.
"We're not worried about companies that have active drilling programs and are meeting their reclamation targets. They're doing exactly what they're supposed to do and giving them additional credits with substantial value."
المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين
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