Southern Alberta Council on Public Affairs (SACPA)

Alberta’s conventional oil and gas liabilities have been growing for decades with reported estimates ranging from $58 to $130 billion involving 450,000 oil and gas wells, 400,000 Km of pipelines, 1.4 trillion litres of fluid waste, Only $1.5 billion is held in securities to protect Albertan taxpayers from the risk of being left on the hook for costs. Oil sands liabilities are estimated at another (largely unsecured) $130 billion. If the issue of backlogged and unsecured oil and gas liabilities is allowed to stay quiet, the problem will simply continue to grow, with no true transparency around its scale and scope. Long-term solutions to this problem will need to be both collaborative and practical. However, in order to find such solutions, all stakeholders must have access to accurate information about the true costs to clean up all active and inactive oil and gas infrastructure in Alberta. It was recently revealed Alberta’s oil and gas companies now owe $178 million in unpaid rent and property taxes to far