Reviewing Alberta’s Absurd Mine Financial Security Program
September 16, 2022
Wild Lands Advocate article by: Carolyn Campbell, AWA Conservation Director
Click here for a pdf version of the article.
Exactly one dollar. That’s the increase in financial security held by the Alberta government for oil sands mine sites cleanup as of September 2021 (the latest figures), compared to what it held in December 2010. Under Alberta’s Mine Financial Security Program (MFSP), introduced in 2011, Alberta holds $913 million for tar sands mine reclamation financial security. Since 2010, the buying power of that financial security has markedly dropped, by a third to a half depending if you check industrial product prices in September 2021 or June 2022.