BC Looking for Public Input on Strategy Intended to Hold Companies to Account for Environmental Clean-Up

British Columbia is looking for ways to ensure the costs of environmental clean-up from abandoned industry projects falls on the owners of said projects.

While most companies responsibly manage their risks, some are unable or unwilling, leaving taxpayers to cover the clean-up costs.

To counteract this, the province is introducing the Public Interest Bonding Strategy, which would require financial guarantees from high-risk projects.

A discussion paper has been prepared and posted following consultations with industry, Indigenous groups, stakeholders, and more.

Now, the province is seeking public input on that paper, which can be found at this link.