After the mill closed, the province was on the hook for the cleanup. The Environment Ministry estimates it will have spent more than $90 million on the site by the end of this fiscal year.
If there were ever any doubt that the Port Alice mill was well and truly dead, that it wasn’t going to come lurching back from the grave yet again like Michael Myers in Halloween 37, or whatever, it was snuffed out last week.
The Environment Ministry says it is “working on a comprehensive strategy to ensure owners of large and high-risk industrial projects have the financial protections in place in the future so that they — not British Columbians — pay the full costs of environmental cleanup if their projects are abandoned.”
Being free of that obligation was a key to reopening the mill. The deal did not, however, indemnify the company against future damage. Neucel was declared bankrupt in 2020, its $272 million in debt including $235 million to parent company Fulida, $1.8 million to the municipality of Port Alice and $13.4 million to the province.
Work to mitigate environmental and safety risks on the site continues. “Demolition of two warehouses is now complete, while demolition work on a third warehouse is ongoing,” the Environment Ministry says. “Work to remove the wharf is under way.”
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