FAQ Accordion Component

The Mature Asset Strategy (MAS) is a coordinated plan by oil companies to abandon aging wells and transfer cleanup costs to taxpayers. Companies are strategically offloading their oldest, most expensive-to-clean wells to shell companies that quickly go bankrupt, leaving rural landowners and Albertans to pay for the environmental mess.

Conservative estimates put the abandoned well cleanup costs at over $60 billion. This represents thousands of wells across Alberta that will require environmental remediation, with costs that could balloon even higher as more wells reach end-of-life.

Rural landowners and Alberta taxpayers are left holding the bag. When shell companies go bankrupt, the cleanup responsibility falls to the provincial government—funded by taxpayers— and landowners who can't use their land until expensive environmental remediation is complete.

This affects all Albertans through higher taxes and reduced public services. Money spent on corporate cleanup costs is money not available for healthcare, education, or infrastructure. Plus, environmental contamination doesn't respect municipal boundaries—it affects our shared water systems and air quality.

Alberta's Legislature can pass regulations requiring companies to clean up their own wells before transferring them, and establish stronger financial assurances. Other provinces have successfully implemented "polluter pays" policies—Alberta can too.

The Alberta Legislature is expected to reconvene on October 27, 2025. This is our window to build public pressure for action before more wells are abandoned through the MAS scheme. Every story shared and every voice raised increases the pressure for accountability.

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