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A de-commissioned pumpjack is shown at a well head on an oil and gas installation near Cremona, Alta., Saturday, Oct. 29, 2016. (THE CANADIAN PRESS/Jeff McIntosh) Some Canadian companies are spending public funds to clean up their oil and gas wells at a time when the industry is raking in historic profits, yet many wells remain abandoned or unplugged, raising concerns about environmental and health impacts on communities. As the industry prepares to reinvest the profits from 2022, advocates say not enough is being done to ensure the companies, not taxpayers, cover the cost of remediating and reclaiming wells. Climate Barometer newsletter: Sign up to keep your finger on the climate pulse "We haven’t been doing it properly for so long now, we’re at this kind of crisis moment where we have so much that needs to be cleaned up, and not enough action happening," Vanessa Corkal, policy analyst with the International Institute for Sustainable Development (IISD), told CTVNews.ca in an interview. RELATED STORIES Calls grow for action on Ontario’s thousands of abandoned oil and gas wells Feds pulled between bailing out oil and gas and moving to cleaner energy Failure of Houston Oil & Gas threatens to create […]
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