Fossil fuel depletion: a sorry outlook for Alberta

Oil companies (mining, forestry etc) should put the costs for restoration of the asset they are extracting from onto their accounts. As they are often publicly traded this should be available in the public record.

It seems some oil companies might go bankrupt before they have to do the restorations. 

The article brings to light something I have been seeing the more I get involved with normative accounting and the four capitals approach: the lack of clarity around accounting and political economy in general is used by extractive forces for their own good at the expense of the public sector.

The article has many good references and insights, highly recommended!


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