https://www.theglobeandmail.com/
Tim Gray is the executive director of Environmental Defence.
Last week, the Alberta Energy Regulator (AER) announced it would appeal a judge’s ruling that gave creditors priority access to a bankrupt oil company’s assets over its financial obligations to clean up abandoned wells. The AER is right to appeal because cleaning up environmental damage should take precedent over financial obligations. This appeal highlights a broader problem in Canada and the need for legislative action both provincially and federally.
The broader problem is that Canadians are burdened by the accumulating financial liability associated with cleaning up the environmental messes made by abandoned oil wells, closed mines and decaying tailings dams.
For example, in Alberta, the oil sands have been producing a vast and growing legacy of tailings ponds. These ponds contain leftover toxic hydrocarbons, heavy metals, water and sand. They now cover an area larger than the preamalgamation city of Toronto and Vancouver combined and are growing at a rate of 25 million litres a day.