Alberta's New Democrat Opposition says a government review of the program that's supposed to ensure oilsands companies can clean up their mines was conducted too privately and should have been done in public.
Environment critic Marlin Schmidt said Albertans now know even less than before the review of the Mine Financial Security Program began.
The government currently holds no more than four per cent of the security required for a cleanup. Even that level of public disclosure has now been obscured, Schmidt said. "We need to have a simple accounting of how much money is available to cover liability," Schmidt said. "If the government and industry won't tell us how much of the liability these demand bonds cover, how will we know if the financial security program is working?"
An analysis of the government's direction by University of Alberta energy economist Andrew Leach, who acted as a consultant to the First Nations, concluded the assumptions used in the government's modelling of the industry's future "provide a false and dangerous sense of security."
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