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.