More bad news from the O&G liability dep’t: The MFSP is deception. It's not a security regime. It has <$1B for ~$56B in oil sands liabilities. If an oil sands co. were to go into financial distress, there isn't enough $ to clean-up a *single* mine site. www.theglobeandmail.com/business/art...

Alberta oil sands companies won’t be forced to pay more to cleanup fund, documents show

Changes to Alberta’s security-payment rules expected to be released this week

I couldn't get behind the paywall, but I'd note that this quote from another publication applies well beyond Canada: "The squeeze between growing environmental liabilities and falling revenue has many worried about who will pay the cleanup bill."

Ugh and WTF x 60 billion