Alberta regulator fines Imperial Oil over tailings leak
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 22 2024
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Source: Reuters
Regulatory Action: The Alberta Energy Regulator has fined Imperial Oil C$50,000 for a toxic tailings leak at its Kearl oil sands mine, which had been ongoing since May 2022 and was only reported after a separate incident in February 2023.
Community Impact and Investigation: The leak has raised concerns among local indigenous communities due to potential environmental impacts, although no harm to wildlife has been reported; the AER is continuing its investigation into the leakage.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
