Employer must also pay security deposit of about $6.1 million
The Alberta Energy Regulator (AER) has issued an order requiring one company to suspend its wells, facilities and pipelines, according to a report.
That’s because Sunshine Oilsands Ltd. hasn't met its regulatory obligations, reported The Canadian Press (CP) in an article posted on CTV News.
The order – issued Nov. 14 – is meant to ensure that sites licensed to the Calgary-based company will not pose a risk to public safety or the environment.
Sunshine has "repeatedly failed to comply with regulatory requirements and address compliance issues in a timely manner," according to the AER.
On top of the suspension, Sunshine must also post a security deposit of about $6.1 million, provide “reasonable care and measure” for its sites, and report any hazards that present a risk to public safety or the environment.
The amount covers the company’s total estimated inactive liability, according to CP.
If the company fails to comply with the new order, AER could issue further enforcement such as an abandonment order, which requires a company to permanently dismantle its energy infrastructure, according to the report.
