Nearly one-third of Alberta’s inactive wells belong to just five companies — and those companies seemingly reported pocketing $4.3 billion already in provincial corporate tax giveaways.
According to the Financial Post, Alberta has 93,805 inactive oil wells — which, among other things, may risk contaminating rural farm lands.
Regan Boychuk, a researcher with Reclaim Alberta, told PressProgress “The risk is huge because there’s a good reason they’re inactive, and they’re sitting idle beyond profitability.”