Articles on oil wells

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The Office of the Superintendent of Financial Institutions has released guidelines for financial institutions to address climate change risks. THE CANADIAN PRESS/Nathan Denette

OSFI’s new guidelines: A step toward making banks and insurers more conscious of their climate impacts

OSFI’s guidelines are a small step towards making financial decision-makers more conscious of their influence on climate outcomes, but there is still work to be done.
A decommissioned pumpjack at a well head on an oil and gas installation near Cremona, Alta., October 2016. THE CANADIAN PRESS/Jeff McIntosh

The growing cost to clean up abandoned and orphaned wells

More oil and gas wells risk becoming orphaned given the long-term downward trend in the industry.

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