A recent analysis reveals that addressing the pollution from British Columbia's Elk Valley coal mines, specifically selenium contamination, may cost more than $6.4 billion, far exceeding earlier estimates.
Francesca Fionda and Ainslie Cruickshank report for The Narwhal.
In short:
- The cleanup cost for BC's largest mining operation is significantly underestimated, posing financial risks to taxpayers.
- An independent report challenges the $1.9 billion security held by the province for Teck's mines cleanup, suggesting the actual cost could be much higher.
- Teck disputes the report's findings, asserting their commitment to covering all reclamation expenses without taxpayer burden.
Key quote:
“They’ve severely underplayed the problem and B.C. taxpayers stand to foot a multi-billion-dollar bill if anything goes wrong,”
— Simon Wiebe, a mining policy and impacts researcher at Wildsight
Why this matters:
Be it coal mines or abandoned oil and gas wells, dodging remediation costs and shifting the financial burden to taxpayers is a common occurrence in the fossil fuel space. Coal especially, spreads toxics during every phase of extraction, transportation, consumption and waste management.
