Alberta rolls out new rules forcing industry to pay for abandoned well cleanup

Alberta's oil and gas regulator has rolled out new rules aimed at addressing the growing problem of inactive and abandoned wells in the province. The new rules will require the energy industry to spend $422 million next year and slightly more in 2023 on cleanup and remediation. Oil and gas producers seeking licences for new wells will also be assessed to make sure they are financially healthy enough to meet cleanup and closure responsibilities. The new rules mark the first significant overhaul o