Hahaha, and this is just the extraction phase, and just for air quality. there are many other potential vectors of contaminantion that can cause an issue (groundwater, geochemistry).
We aren’t even talking about when it comes to closure and the effort needed to properly close an oil sands mine, assuming they don’t walk away before we actually get to closure.
The estimated reclamation liability(cleanup cost) for the oil sands is 200 billion dollars. Alberta currently has checks notes 2 billion in reclamation bonding for the oil sands…
So we have a mostly landlocked, massively polluting industry, with insane operating costs, selling their product at discount on a volatile market controlled by a cartel (OPEC). DEFINITELY too big to fail, right?
Right guys?
Like we certainly won’t be stuck with 198 billion in clean up… Which translates to 40k for every man, woman and child in Alberta. Right guys?
Hahaha, and this is just the extraction phase, and just for air quality. there are many other potential vectors of contaminantion that can cause an issue (groundwater, geochemistry).
We aren’t even talking about when it comes to closure and the effort needed to properly close an oil sands mine, assuming they don’t walk away before we actually get to closure.
The estimated reclamation liability(cleanup cost) for the oil sands is 200 billion dollars. Alberta currently has checks notes 2 billion in reclamation bonding for the oil sands…
So we have a mostly landlocked, massively polluting industry, with insane operating costs, selling their product at discount on a volatile market controlled by a cartel (OPEC). DEFINITELY too big to fail, right?
Right guys?
Like we certainly won’t be stuck with 198 billion in clean up… Which translates to 40k for every man, woman and child in Alberta. Right guys?
Guise?
Guise?