Great article in EnergyNow.ca today highlighting the fantastic progress the oil & gas industry is making in proactively decommissioning and reclaiming the inactive inventory in Western Canada. For the 2nd year in a row, oil & gas operators have spent more than required on closure activities, based on their mandatory spends. In 2023, $923 million was spent on closure activities (surpassing the mandatory spend by 22%), and 2024 is on track to exceed the industry mandatory spend of $700 million. In 2025, the industry-wide mandatory spend will increase to $750 million. 360's CEO, Ryan Smith, explains in the article how a predictable regulatory framework helps both our clients and our business effectively support environmental stewardship while planning for the future. Check out the article to learn more about the positive impact these efforts are having on Alberta’s landscape and economy! #ShapingaBetterFuture _______________________________________ Canadian Energy Centre Enserva Birchcliff Energy Ltd. Orphan Well Association Alberta Energy Regulator (AER) 360 Engineering & Environmental
ALBERTA OIL AND GAS COMPANIES SPEND MORE THAN REQUIRED ON CLEANUP For Second Year in a Row, Alberta Oil and Gas Companies Spend More Than Required on Cleanup https://hubs.la/Q02XylNW0 #oilandgasindustry #oilandgas #energyindustry #alberta #cleanup