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Alberta's $320 Billion Time Bomb 💣 | The Goose Media 🇨🇦
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251 views61likes1:01:43The_Goose_MediaOriginal Release: 2026-05-29

Alberta's oil and gas industry has created a $320 billion cleanup liability crisis through regulatory failures, including underestimating cleanup costs, excluding pipeline liabilities, and creating a system where companies could avoid posting security deposits. The Alberta Energy Regulator has collected only 2.6 cents on the dollar for cleanup costs, and the industry has generated $553 billion in revenue since 1970. The proposed Mature Asset Strategy, designed by industry insider David Yager, has been criticized for consulting primarily industry stakeholders (70 of 98 participants) while ignoring rural municipalities and landowners, potentially violating the polluter pays principle.

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