The EOreport looks at the $200 million cost of the Mount Polley disaster and asks, Can Imperial Pay for the Clean-up?
By Roy L Hales
With the cost of the Mount Polley clean-up expected to exceed $200 million, some question whether Imperial Metals will be able to pay for it. The government only holds $14.5 million in financial security for the Mount Polley mine and Imperial Mines allegedly has a $15 million in “interruption of business” insurance. Can Imperial Pay for the Clean-up?
Looking at the picturesin the news this week of the environmental disaster that took place in central BC takes your breath away. I felt it was important to write a detailed review of what we know now and what questions need to be asked going forward. I will provide as much information I can as things develop.