Alberta regulator privately estimates oilpatch's financial liabilities are hundreds of billions more than what it told the public | National Observer
'The estimated liabilities for the oil-rich western Canadian province are far higher than any liability amount made public by government and industry officials. '
'The government meanwhile has only collected $1.6 billion in liability security from companies. '
'On the industry side, a spokesman said that the liabilities might not be as high as they appear. '
'Another significant part of the liability is the clean-up of toxic tailings ponds from oilsands extraction mines near Fort McMurrray. '
'The third group of liabilities, provincially regulated pipelines, came in at about $30 billion, according to Wadsworth’s presentation. '
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derram ago
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'The estimated liabilities for the oil-rich western Canadian province are far higher than any liability amount made public by government and industry officials. '
'The government meanwhile has only collected $1.6 billion in liability security from companies. '
'On the industry side, a spokesman said that the liabilities might not be as high as they appear. '
'Another significant part of the liability is the clean-up of toxic tailings ponds from oilsands extraction mines near Fort McMurrray. '
'The third group of liabilities, provincially regulated pipelines, came in at about $30 billion, according to Wadsworth’s presentation. '
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