The Alberta government is revamping how it regulates oil and gas producers in an attempt to start addressing the province's swelling inventory of inactive oil and gas wells. The biggest change will be introducing a requirement for companies to spend a minimum amount of money every year toward cleanup of oil wells, pipelines and facilities. Alberta has more than 90,000 inactive wells, in addition to 73,000 abandoned wells that have been dismantled but not fully reclaimed. The estimated cost of cleanup varies greatly but is considered to be in the tens of billions of dollars. The government will formally announce the ... (full story)