Thank you, Madam Chair. Madam Chair, there was a change in 2022-2023 as a result of a change in accounting standards and the way in which we were then being required under public accounting standards to consider what was an environmental liability and where to account for it. It's not a cash item today per se. It is a projection that when a government asset at some point in its future no longer is in use, that you have to account for what potential costs there might be to remediate that asset. So for historical assets, that's, you know, classic case of asbestos or led paint, but even more modern assets do continue to have some amount for clean up that has to be accounted for. That's what this is. And when there was a change in asset retirement obligations, that change is reflected there as to what we now -- yeah, the change in how we account and what things we have to account for. Thank you.
Caroline Wawzonek on Committee Motion 24-20(1): Tabled Document 93-20(1): 2024-2025 Main Estimates, Deferral of Department - Infrastructure, Carried
In the Legislative Assembly on June 6th, 2024. See this statement in context.
Committee Motion 24-20(1): Tabled Document 93-20(1): 2024-2025 Main Estimates, Deferral of Department - Infrastructure, Carried
Consideration In Committee Of The Whole Of Bills And Other Matters
June 6th, 2024
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