What is clear is that the technique is unproven, and by conditionally approving industry plans that include it, Alberta officials are signaling they still have no idea how they’re going to clean up the waste of the oilpatch.
The staggering estimate of $260 billion in financial liabilities for the oil and gas industry’s graveyard of spent facilities were spelled out by a high-ranking official of the Alberta Energy Regulator (AER) in a February presentation to a private audience in Calgary.
