Originally posted by Oliver88
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Originally posted by mustardman View PostI Do live in Sask but as a Canadian Taxpayer, Alberta has some MAJOR Problems that will affect All taxpayers. Like the 100 Billion to clean up orphaned well which Alberta has ONLY collected $226 Million on!!! Bad management in the Petro State of Alberta will be paid by the public purse while the Oil Companies LAUGH all the way to the bank
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Originally posted by mustardman View PostAlberta Energy Regulator -Robert Wadsworth estimates 100 billion to clean up oil wells and another 30 billion for pipelines-
his figures Not mine
You seem fine with allowing revenues generated on the prairies sent to subsidize Quebec hospitals, schools and daycares,,, dude, your effing daft!
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Party on Alberta
Alberta Energy Regulator
Cleaning up Alberta’s oilpatch could cost $260 billion, internal documents warn
The liabilities include costs that companies must assume to shut down aging and inactive oil and gas exploration wells, facilities and pipelines once they are no longer needed. Another significant part of the liability is the clean-up of toxic tailings ponds from oilsands extraction mines near Fort McMurrray. The ponds have sprawled to cover an area the size of Kelowna.
The tailing ponds are used by companies to dump the waste from the mining of bitumen. The process normally requires hot water to separate bitumen from the oily deposits of sand beneath the boreal forest in Alberta, leaving behind a yogurt-like sludge.
https://globalnews.ca/news/4617664/cleaning-up-albertas-oilpatch-could-cost-260-billion-regulatory-documents-warn/
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Originally posted by Integrity_Farmer View PostParty on Alberta
Alberta Energy Regulator
Cleaning up Alberta’s oilpatch could cost $260 billion, internal documents warn
The liabilities include costs that companies must assume to shut down aging and inactive oil and gas exploration wells, facilities and pipelines once they are no longer needed. Another significant part of the liability is the clean-up of toxic tailings ponds from oilsands extraction mines near Fort McMurrray. The ponds have sprawled to cover an area the size of Kelowna.
The tailing ponds are used by companies to dump the waste from the mining of bitumen. The process normally requires hot water to separate bitumen from the oily deposits of sand beneath the boreal forest in Alberta, leaving behind a yogurt-like sludge.
https://globalnews.ca/news/4617664/cleaning-up-albertas-oilpatch-could-cost-260-billion-regulatory-documents-warn/
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Hmmmm, on that map Conservative Manitoba gets $1,900/person equalization while PQ Quebec only gets $1,600.
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Originally posted by chuckChuck View PostVery little in the heritage savings account. A monstrous environmental liability. A particular commodity on a world scale that is one of the most expensive and carbon intensive to extract. Some of the lowest royalty revenues on the planet. A boom and bust economy that lurches from boom to bust based on Private sector profit over long term economic stability. A worldwide push to reduce carbon emissions by reducing fossil fuel use that will eventually cause demand to wane. What could possibly go wrong?
Anyway AB wont be getting anything because we have a new dead beat province to support. NB getting a 10% increase in funding, off ABs back again.
https://www.cbc.ca/news/canada/new-brunswick/new-brunswick-poorest-province-equalization-payments-1.5400170 'Tough to take': New Brunswick grabs unwanted title as Canada's poorest province
Resource hypocrite sure like the revenue while the bash the industry. They are the worst elements of our society. A Marxist cult has taken root.
When the recession hits and it hits BC and ON next especially their RE markets, Canada will crack.Last edited by jazz; Dec 20, 2019, 10:53.
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