Mr. Speaker, as I said in my opening response, the federal government has accepted responsibility for historical remediation or liabilities. However, on a go-forward basis, the Department of Industry, Tourism and Investment, they monitor the activities of the mineral and development petroleum companies operating in the NWT and including the financial status of the company and the work is delivered through ITI’s financial analysis and royalties administration division. As much as we would like all the companies operating in the NWT to be financially stable, our main concern is to ensure that we have all the proper securities in place so that if they were to have some financial trouble, at least we would have the protection of remediating any liabilities that might occur.
Robert C. McLeod on Question 253-18(2):financial Security Associated With Prairie Creek Mine
In the Legislative Assembly on June 17th, 2016. See this statement in context.
Question 253-18(2):financial Security Associated With Prairie Creek Mine
Oral questions
June 16th, 2016
See context to find out what was said next.