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Industry Watch

Canadian Brownfield Budget The Canadian federal budget was presented to Parliament in Ottawa on March 23rd and contained little of real substance for brownfields, other than those under federal ownership. There were two pronouncements affecting brownfields: 1. The commitment to spend $3.5 billion (U.S. $2.67) over the next 10 years on cleaning up federal contaminated sites. It is likely that this will initially address old mines in northern Canada and DEW-line installation cleanups, both of which are costly. (From an earlier Commissioner of the Environment and Sustainable Development report, just four mines could cost as much as $700 million (U.S. $535) to remediate and there are at least 25 in probable need of action.) Under the same heading was a commitment to spend $500 million (U.S. $382) on addressing the Sydney Tar Ponds, probably Canada’s worst contaminated site, and other sites with a federal involvement. 2. Under promoting innovation, an…Log In to Read Full Article

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