The Parliamentary Budget Office estimates the cost of cleaning up abandoned oil and gas wells in Alberta and Saskatchewan will continue to swell in coming years. However, it still underestimates the scope of the problem, said an advocate for well clean-up efforts. In his report, Yves Giroux, federal parliamentary budget officer, estimates that the $360 […] Read more
Tag Archives oil and gas industry — page 3
Farmers sour on energy companies
There is a fine balance between encouraging oil and gas development that fuels the economies of Alberta and Saskatchewan, and protecting the agricultural sector in the western provinces. However, a growing number of producers say the scales have tipped against them after the last oil and gas boom busted, leaving behind unkempt and unpaid for […] Read more
Rural finances remain precarious
Alberta’s rural municipalities are once again about to calculate how many millions of dollars in unpaid property taxes they are collectively owed by oil and gas companies. It will likely be more than the $245 million announced in February, said Paul McLauchlin, president of the Rural Municipalities of Alberta. However, he hoped the increase isn’t […] Read more
Alta. oil sector’s unpaid property taxes soar
Rural municipalities say 57 percent of the energy companies with outstanding tax bills are still operating in the province
Alberta’s rural municipalities are now owed an unprecedented $245 million in total unpaid property taxes by oil and gas companies, despite agreeing to several tax breaks in 2020 to help the province’s ailing energy industry. “We are seeing 57 percent of those non-paying companies are still operating, making no gestures to enter into payment plans […] Read more
Alta. farmers feel heat as oil sector struggles
Landowners are urged to think twice if oil and gas companies ask them to accept reduced lease payments
The failure earlier this month of another Alberta-based energy company was no surprise to many landowners from whom Houston Oil and Gas Ltd. has leased sites. It is, however, an addition to the problem of gas and oil site abandonment and failure of energy companies to meet their obligations to Alberta’s farmers and ranchers. Houston […] Read more
Life in the afterglow of the commodity boom: Is this why we’re all so mad and raging?
Everybody wants somebody to blame. Better blame Mr CommoditiesCycle
It’s a truly dark time in Canada, with the rise of an angry, raging, denunciatory politics taking over this nation the way that it has been doing in the U.S. for a few years now. The federal election supplied ample evidence of this, with ill will and personal attacks hanging over the entire campaign. Beyond […] Read more
