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Canadian oil and gas companies are still prioritising sending money to shareholders from their most profitable period ever, rather than paying down their growing bill for the legally required clean-up of old and inactive wells, new analysis shows.
Canadian oil and gas companies are still prioritising sending money to shareholders from their most profitable period ever, rather than paying down their growing bill for the legally required clean-up of old and inactive wells, new analysis shows.
Oil and gas companies operating in the North Sea are holding only a fraction of the security needed to fulfil their mandatory obligations to decommission ageing and inactive wells, new analysis shows.
The decline of oil and gas industry activity in California is leaving behind a massive decommissioning black hole totalling USD $18.4 billion, new research shows, amid falling production and reduced customer demand.
