Publish cleanup costs, funds set aside and work done. Have an outside expert check the figures.
Our planUpdated:
Our argument
A firm should pay to clean up the harm it leaves. A promise to pay later is not cash set aside today. We want cleanup plans and funds checked in public before the risk grows.
What must change
Publish cleanup costs, funds set aside and work done. Have an outside expert check the figures.
What a win looks like
Credible cleanup plans and enough secure funds, with progress that people can check.
Public cost
We have not yet priced this ask for the public purse. Any public aid must be priced before we seek funds for it.
Alberta’s auditor put oil-sands mine cleanup costs at $51.9 billion. The security held was $1.8 billion. Security means funds or pledges held to help cover the bill.
Limits: These are total cost estimates, not a bill paid each year. The gap is not proven debt for the public. It leaves out other wells and the total cost for pipelines.
Federal pipeline rules use trusts, credit letters or bonds to back future cleanup.
Limits: Some trust funds build up over time. Check each firm’s costs, funds, payment dates and exceptions. This rule alone does not show that all costs are covered.