Alberta Energy Regulator halts Sunshine Oilsands operations

Sunshine Oilsands

19/11/2024 18:35

Nov 19 (Reuters) - The Alberta Energy Regulator (AER)
has ordered Sunshine Oilsands   2012.HK  to suspend its
operations, including wells, facilities and pipelines, citing
continuous non-compliance with environmental and public safety
rules.
    The Nov. 14 order also demanded that Sunshine Oilsands post
a security deposit equal to its calculated inactive liability of
$6,091,318.
        The company did not immediately respond to a request for
comment on Tuesday.
  
    "This order is to ensure that the sites licensed to Sunshine
Oilsands do not pose a risk to public safety or the
environment," the regulator said on Monday, warning that
non-compliance could lead to further enforcement actions,
including an abandonment order.


 (Reporting by Anmol Choubey in Bengaluru; Editing by Richard
Chang)
 ((anmol.choubey@thomsonreuters.com))