Bloomberg Law
April 24, 2020, 10:51 PM

Canada Starts Doling Out Millions in Oil Well Cleanup Money

James Munson
James Munson
Freelance Correspondent

Oil services companies in the Canadian province of Alberta can begin receiving grants from a C$100 million ($71 million) fund starting May 1 to clean up abandoned wells and pipelines or to perform environmental reviews, the provincial government announced Friday.

The money is the first installment from a C$1 billion fund that Prime Minister Justin Trudeau announced April 17 to help Alberta clean up inactive and abandoned wells.

Many of Alberta’s oil and gas producers have been hit hard by the twin impacts of a global crude price war and the coronavirus pandemic and can’t pay for the reclamation and ...

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