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: