Reclamation - restoring disturbed lands

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

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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]

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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.

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[–] [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].