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Stock impact report

Ottawa, Alberta eye looser rules for releasing oil-sands wastewater [Toronto Globe and Mail (Ontario, Canada)]

Suncor Energy Inc. (SU) 
Last suncor energy inc. earnings: 2/5 07:15 pm Check Earnings Report
US:NYSE Investor Relations: suncor.com/investor-centre
Ottawa, Alberta eye looser rules for releasing oil-sands wastewater Canada and Alberta are clearing the way for oil sands companies to release water treated from toxic tailings ponds into a major waterway in a policy shift aimed at tackling one of the industry’s biggest environmental problems. Some 1.3 trillion litres of liquid tailings - a mixture of sand, silt, clay and residual bitumen and solvents - are held in ponds covering 22 square kilometres in northeastern Alberta, representing a multibillion-dollar liability for the industry and province. Ottawa and the Alberta government are in the early stages of crafting new rules with industry to authorize discharges of treated effluent into the Athabasca River, even though the sector’s biggest companies have yet to show they can effectively clean the toxin-laced water on a commercial scale. Story continues below advertisement The federal government is targeting final regulations for 222 modelled on existing rules that authorize release Show less Read more
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