Thanks, Madam Chair. Yeah, why this is important is under our watch, we had the Cantung Mine go into creditor protection, and the federal government had allowed them to put up the Mactung property as financial security. How crazy is that? But our government didn't change that when we took over the site as a result of devolution. Management of -- or at least environmental management regulation of the site post-devolution. So that's why our government had to go through all of that mess and eventually try to sell Mactung, get some money back. I'm not convinced we're ever going to recover all of our costs. But our government allowed the company to keep Mactung as financial security. That's crazy. Shouldn't have happened quite frankly, Madam Chair. So the Minister now can accept any form of financial security. If you scribble a note on the back of a napkin, a promissory note, promise to pay some money, the Minister can accept that. That is not the way that we should be operating in terms of responsible resource development. So this is about restricting the discretion of the Minister to accept unreliable forms of financial security that put the public at risk. And we need to put this in legislation to restrict the Minister's discretion to protect the public interest. Thanks, Madam Chair.
Kevin O'Reilly on Committee Motion 357-19(2): Committee Report 39-19(2): Standing Committee on Economic Development and Environment Report on the Prevention and Management of Contaminated Sites - Legislative Requirements for Financial Security, Carried
In the Legislative Assembly on February 9th, 2023. See this statement in context.
Committee Motion 357-19(2): Committee Report 39-19(2): Standing Committee on Economic Development and Environment Report on the Prevention and Management of Contaminated Sites - Legislative Requirements for Financial Security, Carried
Consideration In Committee Of The Whole Of Bills And Other Matters
February 9th, 2023
Page 5166
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