Robert C. McLeod – Establishment of Liabilities and Financial Assurances Division
Mr. Speaker, as part of devolution, the Government of the Northwest Territories took over responsibility for the management of environmental liabilities and securities for resource development projects in our territory.
The regulatory system in the Northwest Territories provides for environmental protection, including terms and conditions within various authorizations. Security provides additional protection to ensure that there are funds to address environmental liabilities if proponents fail to take remedial action.