Reclamation - restoring disturbed lands

466 readers

1 users here now

A place to discuss and learn about the restoration of disturbed lands to desirable end land uses

founded 1 year ago

MODERATORS

[email protected]

Alberta's oilsands reclamation bonding 'unfit for purpose,' researchers say (ca.finance.yahoo.com)

submitted 10 months ago by [email protected] to c/[email protected]

1 comments fedilink hide all child comments

cross-posted from: https://slrpnk.net/post/5492769

“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.

top 1 comments

sorted by: hot top controversial new old

[–] [email protected] 4 points 10 months ago

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].