Friday, May 19, 2017

---Alberta will loan $235 million to the energy industry to clean up orphaned oil and gas wells, Premier Rachel Notley announced Thursday. The money will flow to the Orphan Well Association (OWA), which is administered by the Alberta Energy Regulator but funded by energy companies. The loan will be paid back over a decade by industry, with the interest covered by $30 million the federal government announced in the last budget.-------- Julie Ali 15 mins · CBC News · Why are we offering a single dime to the oil and gas industry for doing the work that they need to be doing BY THEMSELVES? You can't fool us with a loan offer Ms. Notley. It's a disguised handout to the oil and gas industry portrayed to us as a make work project. Why doesn't the oil and gas industry simply go to the banks to get this loan? Why do we have to be the public bank financing work it should be doing itself? In addition, could this money that was provided by the federal government not go to more useful stimulation of the economy in other industries besides big oil? Why the pandering to big oil? Could it be that the NDP are even worse than the PCs in their abject captive situation with reference to big oil? Why not get some balls and get big oil to do the work it should be doing itself? Please don't tell me that big oil is suffering when we have them buying up other oil and gas companies. Please don't tell me that they can't afford it when they are sitting on billions of dollars of assets. The oil and gas industry could jolly well sell off these assets to fund the orphan well program themselves but nope, we have to be scammed with a make work project proposal to give up our tax dollars that could be used elsewhere. Why can't for example-this money be used to create a make work project in the continuing care industry? Why can't some of this money be used to create employment possibilities for folks with disabilities? Why only big oil Ms. Notley? Who do you represent Ms. Notley? The ordinary citizens of Alberta or Corporate Alberta? This NDP government is beginning to feel more and more like the Redford government. This is a poor use of public dollars and you can't fool us that it is creating jobs--those jobs that big oil originally deleted so as to maintain profits.


So let me get this straight. We take $235 million out of our taxpayer dollars and hand it over to big oil as a loan. We cover their interest payments with the $30 million given to us by the federal government. We do everything other than sell our babies to them.
Meanwhile the oil and gas industry has profited for forty years and more. They had ample opportunity to clean up their orphan wells and the other messes during this time but the lax PCs and now the lax NDPCs did nothing to get this reclamation work done. Now we have a lull in the boom and big oil comes up with this proposal to get the workers it fired back to work and simultaneously get their liabilities taken care of by the use of a "loan" with interest payments paid off by us. Wow. What can I say? The cheek of the industry and the captive status of the political parties.
Sigh. We are so screwed in Alberta. We're taken every way I can determine. And the NDPCs are prettying this up as a job creation project. And a loan.
What can I say? All captive.
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The gutless NDP folks we hired in the last provincial election have the gall to give our tax dollars as a "loan" to the oil and gas industry to do the work it should be doing by itself.
What the heck? Is there no shame among the NDP? Did we not have the same junk with the PCs we just fired?
Why are all politicians so expedient in their decision making?
I guess they all want to be in big oil's good books.
What about being in the good books of the voters?
Why should we loan our taxpayer dollars to the industry to do the work they jolly well could do themselves?
After forty four years and more of profits we're now giving them cash to do their liability work which is not being done because the PCs never bothered to get big oil to do their clean up work on any sort of schedule. Nope. With the PCs they simply let the oil and gas industry run them and they got a sweet deal in terms of doing nothing with the orphan well program that has how many outstanding wells left to do?

http://www.cbc.ca/news/canada/calgary/orphan-wells-notley-announcement-plan-cleanup-alberta-province-1.4121235


Tens of thousands of Alberta's wells have been abandoned and plugged with concrete, but not fully reclaimed. And 82,546 are inactive, meaning no more oil or natural gas is being produced, but the wells haven't been plugged and could, at least theoretically, be brought back to life.

***
We have a ton of orphan wells that apparently can be reused and that's the excuse for doing nothing about them. The oil and gas industry gets to do whatever it wants to do in Alberta because no one has the balls to kick rump. The AER is a joke. And we have the NDP folks replace the PC folks to give yet more money to the Orphan well program as a "loan" that is to be paid back over ten years.  Such is the poor governance in Alberta.
No one is interested in the thoughts of taxpayers. My thoughts are we are being screwed.  It's pretty clear to me that no matter who we hire in Alberta they will be captured by big oil and we will be spun a story that jobs created out of our own tax dollars that benefits big oil is a good thing. Yeah right.

How about "loaning" the money to the continuing care industry Ms. Notley? I'm pretty sure that this would be an even better thing.


http://www.cbc.ca/news/canada/calgary/orphan-wells-notley-announcement-plan-cleanup-alberta-province-1.4121235

Alberta offers $235M loan to clean up orphan wells

Funds will help get oil services workers back on the job

CBC News Posted: May 18, 2017 8:53 AM MT Last Updated: May 18, 2017 2:21 PM MT

Alberta Premier Rachel Notley waits before making an announcement regarding work to speed the cleanup of Alberta’s old energy infrastructure near Carstairs, Alta. (Jeff McIntosh/Canadian Press)
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Alberta will loan $235 million to the energy industry to clean up orphaned oil and gas wells, Premier Rachel Notley announced Thursday.
The money will flow to the Orphan Well Association (OWA), which is administered by the Alberta Energy Regulator but funded by energy companies. The loan will be paid back over a decade by industry, with the interest covered by $30 million the federal government announced in the last budget.
The OWA is dealing with about 2,000 orphan wells. A well becomes orphaned when its corporate owner goes bankrupt without enough assets to pay for the cleanup. Until recently, industry paid $15 million a year into the fund. It doubled to $30 million annually in 2015.
"Since the orphan fund was established, industry has contributed almost a quarter of a billion dollars and this funding has been used to successfully abandon almost a thousand wells and reclaim over 600 sites," said Brad Herald, the chair of the OWA.

Oil service jobs created

The funds that the province will loan the industry will not fully take care of the inventory of wells already on the books of the OWA, but it will help to get oil services workers back on the job.
"The agreement will put people to work as early this summer and will go toward cleaning up orphaned wells over the next three years," Notley said.
Notley made the announcement on an orphan well site near Carstairs, north of Calgary. The well was drilled in 1980, saw 10 different owners and was orphaned in 2015.
"By the end of this summer, you won't be able to tell there was even a well here," she said.
Many oil services workers have been reluctant to come back to the industry because of its uncertainty, but this funding will help, according to Mark Salkeld, chief executive of the Petroleum Services Association of Canada (PSAC).
"A lot of that talent is leery of coming back into that sector for fear of not having a long-term opportunity. What this does is add job security," he said.

Thousands of wells on list

The plan doesn't replace an industry-run fund to clean up wells, Notley said.
Nor does it solve the much larger problem of Alberta's inactive and abandoned wells.
Tens of thousands of Alberta's wells have been abandoned and plugged with concrete, but not fully reclaimed. And 82,546 are inactive, meaning no more oil or natural gas is being produced, but the wells haven't been plugged and could, at least theoretically, be brought back to life.
The province said that it is also working on that problem




Julie Ali
15 mins

Why are we offering a single dime to the oil and gas industry for doing the work that they need to be doing BY THEMSELVES?
You can't fool us with a loan offer Ms. Notley. It's a disguised handout to the oil and gas industry portrayed to us as a make work project. Why doesn't the oil and gas industry simply go to the banks to get this loan? Why do we have to be the public bank financing work it should be doing itself?
In addition, could this money that was provided by the federal government not go to more useful stimulation of the economy in other industries besides big oil? Why the pandering to big oil? Could it be that the NDP are even worse than the PCs in their abject captive situation with reference to big oil?
Why not get some balls and get big oil to do the work it should be doing itself? Please don't tell me that big oil is suffering when we have them buying up other oil and gas companies. Please don't tell me that they can't afford it when they are sitting on billions of dollars of assets. The oil and gas industry could jolly well sell off these assets to fund the orphan well program themselves but nope, we have to be scammed with a make work project proposal to give up our tax dollars that could be used elsewhere. Why can't for example-this money be used to create a make work project in the continuing care industry? Why can't some of this money be used to create employment possibilities for folks with disabilities? Why only big oil Ms. Notley?
Who do you represent Ms. Notley? The ordinary citizens of Alberta or Corporate Alberta? This NDP government is beginning to feel more and more like the Redford government.
This is a poor use of public dollars and you can't fool us that it is creating jobs--those jobs that big oil originally deleted so as to maintain profits.

Alberta will loan $235 million to a non-profit group that cleans up abandoned oil and gas wells, Premier Rachel Notley announced Thursday.
CBC.CA

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