The boards usually set the securities that are required, the amount. We negotiate with the proponent as to the instrument that we are going to use. A surety bond is an insurance bond that’s carried by major multinational insurance companies, which is an acceptable form under the Waters Act. I can update or I can give committee a bit of a briefing on the direction that we’re going so they can have some assurance that we are protecting, as we said we’re going to, the opportunities for cleanup and so we need to make sure that we’re protected, and I stand by that.
Robert C. McLeod on Question 530-17(5): Financial Securities Instruments
In the Legislative Assembly on November 5th, 2014. See this statement in context.
Question 530-17(5): Financial Securities Instruments
Oral Questions (Reversion)
November 4th, 2014
See context to find out what was said next.