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flag Alberta faces a $1.2 billion shortfall in funding for cleaning up abandoned oil wells.

flag A new report highlights that the levy charged to Alberta oil companies for orphaned well cleanup is insufficient, leading to a $1.2 billion funding shortfall. flag The Orphan Well Association, which manages wells abandoned by bankrupt companies, faces the challenge of reclaiming over 3,700 wells, costing more than $860 million. flag The report also suggests increasing public involvement in the levy determination process.

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