Part One - Carbon Storage…

Commentaire

Part One - Carbon Storage in Gas Wells - I support this idea

Part Two - Well Security Changes - I disagree with well transfers and setting up a trust to hold the gas well owners money until the well is plugged. A Trust is designed for tax purposes, not as a savings account. The cost to set up a Trust would be at least $1500.00, half as much as the $3000.00 Trust. Not cost effective. The $3000.00 stated for an onshore well less than 450 m deep would include most private gas wells used by individual private gas well owners for their private use. As all of us are aware $3000.00, even for a simple well plugging is well below plugging rates. If the government is serous to plug gas wells, a policy needs to be made were the land owner pays a set amount ( Possibly $4000.00 ) and the government pays the rest. In addition the Abandon Well Works Program needs to more transparent with public representation, possibly from the Private Natural Gas Well Association