The Alberta government has officially handed back more than $137 million to the federal government after running out of time to spend the cash to clean up old oil and natural gas wells.
Questions remain about why the provincial government was unable to use the much-needed funding, considering there are tens of thousands of inactive wells.
Many companies are also disappointed that the full amount wasn’t spent because of the loss of reclamation work it would have created.
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I worked out there a long time ago… A lot of the Alberta funding was just grants to companies to do the legally required bare minimum. Probably best it wasn’t spent because nothing was done to earn it.
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