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Imperial Oil (IMO) Fined C$50,000 for Oilsands' Tailings Leak
IMOImperial Oil(IMO) ZACKS·2024-08-26 11:51

Imperial Oil Limited (IMO) , a Calgary-based integrated oil and gas company, has been fined C$50,000 by The Alberta Energy Regulator ("AER") after confirming that the company had violated environmental laws. The fine is connected to the seepage of wastewater containing oilsands tailings outside of its lease boundary in 2022. Despite being the maximum allowable fine under provincial law, environmental groups and affected indigenous communities have expressed frustration over the penalty's inadequacy given th ...