Alberta Opposition NDP calls for public input on plan to subsidize well cleanup
Under RStar, companies would earn valuable credits for remediating old wells even though the obligation to clean up a well is part of the licence to drill it. That credit could be sold or applied against revenue earned from new production to reduce provincial royalties.Alberta Energy spokesman Scott Johnston confirmed RStar remains on the agenda.
“Alberta Energy has been actively working on options for a reclamation incentive pilot program,” he said in an email. “This work will continue over the coming weeks. Once this work is completed the department will consult with key stakeholders to determine next steps.”Proponents say RStar or something like it would encourage new drilling, help clean up Alberta’s 170,000 abandoned wells and create jobs. In a letter written by Smith when she was a business lobbyist less than a year ago, she quotes a consultant who says $20 billion in RStar credits would create 366,000 jobs and $8.5 billion in royalties.
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