Oil is Bankrupt (If We Want It)

Alberta’s Oil Companies Are the Walking Dead.

This figure shows how Alberta’s let-the-future-pay-for-cleanup funding model is playing out. The red curve shows the growth of cleanup liabilities, which accumulate as new wells are drilled and not cleaned up. The blue curve shows the assets that will pay for this cleanup — the industry’s future income (assuming various prices of oil and gas).

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