Alberta Energy Regulator OKs Suncor’s plan for managing tailings ponds
CALGARY — Alberta’s energy regulator has approved an oilsands giant’s plans to manage its vast tailings ponds despite ongoing concerns about their reliability.
“(Opponents) raised concerns with the aquatic closure outcome and uncertainties with the proposed technology,” Alberta Energy Regulator said in its decision on Suncor Energy’s (TSX:SU) Millennium mine. “The (regulator) shares those concerns.”
While the regulator has added a series of reporting and monitoring requirements, Wednesday’s decision approves substantially the same plan it turned down last spring.
The plan still relies on so-called end-pit lakes, in which treated tailings are pumped to the bottom of an engineered basin and capped with fresh water. The technology has often been used for other mines but never for oilsands tailings.