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Items tagged with: oiligarchy


If ultra-wealthy industry front groups begging money from governments like #PathwaysNetZero want a shred of credibility they need to answer whether they agree with #Scotiabank (no innocents themselves on all this) or not. Every Albertan deserves an answer.

#abpoli #ableg #cdnpoli #OILigarchy

https://www.thestar.com/business/2023/02/09/scotiabank-says-royalty-credits-for-well-cleanup-would-damage-industrys-reputation.html


Here's the prime #OrphanOilwell problem as I understand it: #BigOil (which has all the $ in the world) "sells off" spent oilwells to small companies going bankrupt & who could *never* afford cleanup in the first place. This from an industry claiming to produce #EthicalOil.

It's the same bunch of crooks that'd like us to trust them on #CCS and think Canada should give them billions. Just ask the enormous liars at
#PathwaysNetZero.

#abpoli #ableg #cdnpoli #OILigarchy

https://www.cbc.ca/news/canada/calgary/alberta-orphan-wells-cleanup-bill-12-1.5528257


Obviously it should go without saying that any #BigOil company that sold their #OrphanWells to companies all knew couldn't pay for the cleanup should not only not get one cent of this 20 billion but no federal #CCS $ either. Same with oil companies that took #CERB then turned around and offered #ShareBuyBacks to investors. Fool me once...

#abpoli #ableg #DanielleSmith #NDP #cdnpoli #OILigarchy https://www.macleans.ca/news/canada/bankrupt-oil-companies-are-saddling-alberta-landowners-with-orphan-wells/