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Alberta oil sands companies won't be forced to pay more to cleanup fund, documents show [Globe and Mail, The (Toronto, Canada)]

Imperial Oil Limited (IMO) 
NASDAQ:AMEX Investor Relations: imperialoil.ca/en-ca/company/investors
An oilsands facility is reflected in a tailings pond near Fort McMurray, Alta., on July 10, 2012. Jeff McIntosh/The Canadian Press Listen to this article Log in or create a free account to listen to this article. Oil-sands mining companies won't be forced to pay more to ensure money will be available to eventually clean up sites under changes to Alberta's security-payment rules, according to documents obtained by The Globe and Mail. Changes to the rules, slated for release this week, will also not alleviate the concerns of stakeholders who worry that a global shift away from fossil fuels could cause a downturn in the industry, further eroding the companies' ability to pay. Liabilities have skyrocketed by billions of dollars since 2010 – even though oil companies have added just a single dollar into the province's cleanup coffers, says data from the Alberta Energy Regulator. The Mine Financial Security Program (MFSP) is administered by the regulator using policy guidance fr Show less Read more
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