Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/270856 
Autor:innen: 
Erscheinungsjahr: 
2023
Quellenangabe: 
[Journal:] Real-World Economics Review [ISSN:] 2055-3668 [Issue:] 103 [Publisher:] World Economics Association [Place:] Bristol [Year:] 2023 [Pages:] 2-25
Verlag: 
World Economics Association, Bristol
Zusammenfassung: 
Can the oil industry afford to clean up its mess? If by ‘mess’ we mean fossil-fuel-induced climate change, the answer is almost certainly ‘no’. But what if we look at a more limited cleanup scenario, restricted to the remediation of conventional oil and gas wells? Even then, it seems that the oil industry may already be bankrupt. As a case study, this paper estimates the solvency of the (conventional) oilpatch in the Canadian province of Alberta. By law, Albertan oil companies are required to pay for well remediation. To date, however, the oil industry has saved little for this expense. Instead, it has assumed that future oil production will pay for existing cleanup liabilities. But will it? Using cleanup estimates from the Alberta Liabilities Disclosure Project, I estimate the past, present and future solvency of the (conventional) Alberta oil industry. I find that at present, the oilpatch sits on the precipice of insolvency.
Schlagwörter: 
Alberta
cleanup
insolvency
oil
pollution
JEL: 
P00
P1
Q5
Q58
L5
Q4
Creative-Commons-Lizenz: 
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Dokumentart: 
Article
Dokumentversion: 
Accepted Manuscript (Postprint)

Datei(en):
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