In the oil-rich province, companies are required to return mine sites to their previous condition after projects are no longer in service.

“The AER estimates over $45 billion in remediation and reclamation liabilities in the oilsands. This number may be a dramatic underestimate, with figures in leaked, official presentations suggesting as much as $130 billion in liabilities covered by less than $2 billion in security deposits,” University of Calgary School of Public Policy researchers Martin Olszynski, Andrew Leach, Drew Yewchuk wrote in a recent paper.

  • Track_Shovel@slrpnk.netEnglish
    22·
    10 months ago

    To To put this in perspective, Giant Mine and Faro mine, which are much, much smaller mines, have cleanup bills around 4-5 billion.

    Albertans have gone all in on difficult to extract oil that is sold at discount… On a market that’s controlled by a cartel [OPEC].

    E: Faro mine is 25 km2 in size. the current mineable footprint for the oil sands 1,030 km2 in size.

  • Kecessa@sh.itjust.works
    9·
    10 months ago

    In other news: Alberta is soon to become a have not province, citizens will finally stop complaining about the Equalization program!