this post was submitted on 17 Dec 2025
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Every oil company has bankruptcy in their plan for leaving AB. If they don't purposely bankrupt their current company, they plan to sell to a subsidiary with no assets and then put it into bankruptcy. Standard oil business practice to take all the value while never paying any of the liabilities.
This could possibly absolve the "parent" company of any future environmental responsibilities.
Basically the law says the current owners are responsible for any damage to the land . If it can be proven to be preexisting to purchase then the previous own (if they are still around) can be passed responsibility for clean up. This can repeat over and over.
That off shore shell company or deceased owner could be the escape goat.