10:1 Odds that the companies take the loan...before declaring bankruptcy.
Article here: https://edmontonjournal.com/business/energy/alberta-to-give-100-million-loan-to-decommission-orphan-wells
Classic Alberta.
It seems intuitive that there be a retainer taken by the government BEFORE any wells are drilled to ensure they are capped. Mind you, they've only been doing this for 60 years so don't expect them to get their shit together any time soon. No, transparently this is a "Taxpayers subsidize oilpatch, help the rich get richer, even in this stagnant economy". I'd be very curious how many of these loans they recover and how many wells end up being successfully capped or remediated.
Some links to more information if your curious:
