Alberta Energy Regulator, With The Full Complicity Of Big Oil, Perpetrates a Massive Fraud on Canadian Taxpayers

For the Real News, I speak to Regan Boychuk of Reclaim Alberta about a recent, stunning revelation that Alberta’s Energy Regulator (AER) has grossly misrepresented to the public the true costs to clean up old oil wells and toxic tar sands tailings ponds in the province.

The AER has previously claimed those costs to be $58 billion, but in fact they are likely to be well in excess of $260 billion.

Meanwhile, the AER has collected a paltry $1.6 billion in security from oil companies, meaning that there is a large and growing risk that Canadian taxpayers will ultimately shoulder most of the burden to clean up the oil industry’s massive, toxic mess.

My discussion with Regan can be seen and heard here:

https://therealnews.com/stories/oil-industry-cleanup-costs-vastly-exceed-alberta-governments-estimates?fbclid=IwAR1IlSMexCLYg1so7qRVdu0E-E_lDtNB1_3S3Cx6MJFjbiCpo4ViyLmUvvQ.

Leave a Comment

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s