The provincial government did not address concerns raised by the First Nations in response to queries from The Canadian Press
After attending all the meetings, four First Nations submitted a document to the government, obtained by The Canadian Press, that suggests they fear meaningful reform is not forthcoming.
“It is a lot of the same concerns the ,” said Martin Olszynski, a University of Calgary resource law professor who worked as a consultant to the groups. “Within the bounds of current scenarios examined by major energy analysts, there are several scenarios under which existing oil sands projects cease to be viable,” Leach wrote.Although companies are required to return their operations to “equivalent land usage,” the First Nations say they have not been consulted on what that means.
The Alberta Energy Regulator now accepts a type of demand bond issued by an insurance company instead of cash reserves or a line of credit. A spokesman for the regulator said some companies are using such bonds, but information on how many, who they are or the size of the bonds is “confidential.” As well, documents released under Freedom-of-Information legislation suggest the government has considered accepting bonds from so-called captive insurance companies, which are wholly owned by oil sands companies.
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