Submission re Intentions Paper on Public Interest Bonding Strategy: Decommissioning and Closure of Industrial Projects

BCBC supports the principle of bonding as part of a polluter pay model for managing risk of industrial development in British Columbia. But it must be based on a fair and transparent assessment of risks developed in collaboration with the business sector. It must also include a process for holding government officials accountable for their decisions to avoid abuse of authority and to ensure regular monitoring and auditing of government financial oversight of private sector securities held as collateral.