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September 28, 2017

If Alberta doesn’t change how it requires companies to finance their own oil and gas well cleanup costs, the energy industry and, ultimately, taxpayers in Alberta face cleanup costs of up to $8 billion, according to a report by the C.D. Howe Institute.  In “All’s Well that Ends Well: Addressing End-of-Life Liabilities for Oil and Gas Wells,” authors Benjamin Dachis, Blake Shaffer and Vincent Thivierge use a financial stress test to estimate future cleanup costs and recommend ways for the government to better manage the problem.

Benjamin Dachis
Benjamin Dachis

Benjamin Dachis is Director of Public Affairs for the C.D. Howe Institute. In his role, he furthers the Institute’s mission to improve Canada’s economic performance by enhancing the visibility, reputation and impact of its research and activities. Benjamin started with the C.D. Howe Institute in 2006 as a Research Fellow and also has experience with major U.S. and U.K. think tanks.

Blake Shaffer
Blake Shaffer

Blake Shaffer is the Energy Policy Fellow at the C.D. Howe Institute and an Assistant Professor in the Department of Economics and School of Public Policy at the University of Calgary. His work focusses on electricity markets, climate policy and energy transitions. He uses empirical methods to evaluate policy effectiveness and better understand consumer and firm behaviour.