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.

[–] Typotyper@sh.itjust.works 5 points 3 months ago

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.

[–] Tigeroovy@lemmy.ca 14 points 3 months ago

Lmao, well have fun with that Alberta.

I feel bad for the ones that try to vote for more sane options but get drowned out in a sea of overwhelming ignorance.

[–] kurikai@lemmy.world 14 points 3 months ago

And im sure a cleanup bill

[–] theacharnian@lemmy.ca 13 points 3 months ago

Some more tax breaks and subsidies for oil and gas should do it.

[–] 9488fcea02a9@sh.itjust.works 9 points 3 months ago* (last edited 3 months ago) (1 children)

Norway: turns their oil into one of the largest sovereign wealth funds in the world.
Canada: best i can do is crippling fossil fuel dependency, and hundreds of millions in debt for clean up work.

[–] TribblesBestFriend@startrek.website 6 points 3 months ago

Cannot anger my petro-baron friends

[–] SaveTheTuaHawk@lemmy.ca 6 points 3 months ago

Those bills and cleanup costs are for the Lefties.