Nova Scotia Taxpayers on the Hook for Millions in Exxon Offshore Project Closure
desmogblog.ca| Published Thursday, July 2, 2015
By Darcy Rhyno
Nova Scotia is potentially on the hook for millions of dollars in decommissioning costs as ExxonMobil prematurely winds down production at a massive offshore gas project near Sable Island.
In 1997 the province’s Liberal government negotiated a deal with Exxon to get the Sable Offshore Energy Project, about 190 kilometres off the coast of Nova Scotia, up and running. As part of that arrangement, Nova Scotia promised to pay a portion of decommissioning costs at the end of the project’s life… read more>