Abandoned oil and gas wells in Alberta are on the rise — but where many see a growing liability, Alberta’s fledgling geothermal industry sees massive opportunity.
“We’ve got these old wells that we know are hot and we’re going to fill them with cement and walk away,” says Tim Davies, CEO of geothermal company Turkana. “It’s just stupid.”
There’s currently no permitting framework for geothermal in Alberta, leaving the renewable energy out of play.
“I own the well, I own the land and I own the oil. But I can’t own the heat,” Davies said. “There’s just no mechanism for that in place.”
“The oil business has drilled 400,000 wells in Alberta alone,” Alison Thompson, president of the Canadian Geothermal Energy Association, told DeSmog Canada. “They’ve already found all the hot water the province has.”
This is a guest post by ClimateDenierRoundup, cross-posted from EcoWatch