Friday, November 28th-2.2°C
24124
24058

Oil company abandons plan to drill wells in Alberta city limits after petition

LETHBRIDGE, Alta. - The mayor of a southern Alberta city says an oil and gas company's decision to abandon plans to drill three exploratory wells within city limits is a victory for activism.

Goldenkey Oil Inc. announced Wednesday that it will not be applying to the Alberta Energy Regulator to access its mineral rights in the Lethbridge area.

Goldenkey says the decision was the result of public consultations, inquiry responses and numerous meetings with stakeholders.

Project representative David Hill says it came down to the cost of being successful in the application process versus the prospect of technical success for an exploratory well.

Lethbridge Mayor Chris Spearman says the more than 13,000 signatures on a petition against Goldenkey's plans and hundreds of letters was — quote — a victory in "activism over apathy" and a great example of democracy.

But Spearman also says it's still very important that Lethbridge and other Alberta communities push the province for an urban drilling policy.

Goldenkey had proposed drilling through a sour geological formation, but would have produced from a non-sour zone.

"Goldenkey has decided on a project basis that the barriers here did not justify the costs," Hill said in a statement.

The group that launched the petition, No Drilling Lethbridge, says it's "thrilled" Goldenkey won't be submitting an application to drill on the west side.

The Alberta New Democrats also echoed the mayor's call for the province to develop an urban drilling policy.

"Though we are relieved for the citizens of Lethbridge, the threat of urban drilling in other cities and towns remains. Today, we repeat our demand that the provincial government ban all drilling in urban areas and commit resources to a study of the impact of drilling," said Mason.

"The people of Lethbridge forced a company to back down when the provincial government failed them. But what about another city or town tomorrow?"

(CJOC, The Canadian Press)

The Canadian Press


Read more Business News

22970


Recent Trending




Today's Market
S&P TSX14787.99-134.45
S&P CDNX739.75-15.65
DJIA17828.240.49
Nasdaq4791.63+4.312
S&P 5002067.56-5.27
CDN Dollar0.8751-0.0066
Gold1175.20-21.40
Oil66.15-7.54
Lumber329.40+1.40
Natural Gas4.295+0.144

 
Okanagan Companies
Pacific Safety0.145-0.005
Knighthawk0.01-0.005
QHR Technologies Inc1.27-0.07
Cantex0.04-0.005
Anavex Life Sciences0.1998+0.0288
Metalex Ventures0.05+0.01
Russel Metals30.00-0.70
Copper Mountain Mining1.94-0.18
Colorado Resources0.125-0.005
ReliaBrand Inc0.0134-0.0001
Sunrise Resources Ltd0.05+0.005
Mission Ready Services0.320.00

 
23744


24120

FEATURED Property
20444603181 Malbec Crescent
5 bedrooms 5 baths
$869,000
more details
image2image2image2
Click here to feature your property
Please wait... loading


Don't stop dreaming!

On Wednesday evening I drove through the Bow Valley in Alberta. It is my old home town... the first place Jackie and I moved to in 1988 when we emigrated. We ended up setting up home there and living...


Second marriage issues

It is not unusual that one or both of the parties planning to marry are approaching marriage for the second time. There are pluses and minuses to this new situation. On the plus side, individuals ente...


The last great Canadian tax shelter

A guide to how flow-through fund limited partnerships can mightily aid your tax planning!The end of the year will raise concerns among many professionals, self-employed persons, business owners and ev...

_



24185

24207


Member of BC Press Council


22842