Billions in Undisclosed Oil Sands Liabilities Obscuring Transparency for Investors

A report by Investors for Paris Compliance estimates a $113-billion gap between the total decommissioning liabilities in Alberta and the liabilities reported by the top 15 energy companies. The study suggests that insufficient disclosure and auditing are obscuring the problem, which could leave shareholders with a shortfall for future environmental liabilities. The issue has been a public-policy headache for years and could influence market value of companies like Suncor Energy, Cenovus Energy, and Canadian Natural Resources.