If oil and gas liabilities could somehow be converted to assets, this would be good news indeed for landowners who have rotting, unsafe wells and facilities on their land. Often these landowners are not receiving the compensation they are entitled to and municipalities cannot collect the taxes due to them. Once any well has been… Click here to read more
On February 14, 2021, in response to a public call from the Alberta Energy Regulator (the “AER“) for submissions on proposed changes to AER Directive 067, Eligibility Requirements for Acquiring and Holding Energy Licences and Approvals, Polluter Pay Federation (“PPF“) made related submissions. We also made related submissions on security deposits, which are more properly… Click here to read more
Background Unfunded upstream oil and gas (end of life) liabilities are serious problems that continue more or less unchecked in Alberta. Total liabilities for upstream oil and gas wells alone are between $30-$70 Billion (Alberta Liability Disclosure Project published estimates using Regulator data). Alberta Energy Regulator (AER) Directive 006 requires the AER as the Regulator… Click here to read more
A Simple Solution for Alberta’s Inactive Well Problem and Lack of ‘Liability Management’ By Regan Boychuk, Mark Dorin, and Vern Bretin for Polluter Pay Federation Mainstream media outlets have recently reported that there are some 100,000+ inactive wells in Alberta. Contrary to Alberta law, a federal COVID 19 job creation plan threw $1.7 Billion at… Click here to read more
The Polluter Pay Federation concept was first discussed in Warburg in June of 2019. Regan Boychuk, assisted by Mark Dorin, was the guest speaker. Mark and Regan will never forget the reception and optimism of those assembled. There was no bickering between those with competing viewpoints or talk about whether or not landowners could could… Click here to read more