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THE JOURNAL OF ECONOMIC SCIENCES: THEORY AND PRACTICE, V.71, # 1, 2014, pp. 53-79

Table 3. BSD held by Alberta Environment, as of December 31, 2010
Approval Holder/Project Name/EPEA Approval Number Base Security Deposit

Canadian Natural, Horizon, 149968 $ 61,200,000.00

Imperial, Kearl, 46586 $ 64,655,000.00

Shell Albian, Jackpine, 153125 $72,361,895.00

Shell Albian, Muskeg River, 20809 $111,277,441.29

Suncor, Base Mine, 94 $359,096,654.00

Suncor, Fort Hills, 151469 $38,958,605.00
Syncrude, Mildred Lake and Aurora North, 26 $205,303,024.00

Total $912,852,619.29

Source: Alberta Environment 2011

Asset Safety Factor Deposit (ASFD)

The table below provides an example for Asset Safety Factor calculation.

Table 4. Assets Safety Factor Deposit

MFSP Assets MFSP AASF Asset Safety Liability net of Resultant ASF
Liability- Factor Deposit Deposits
OLD-BSD (ASFD)

$ 61,000,000 $20,000,000 3.05 $0 $20,000,000 3.05

$57,500,000 $20,000,000 2.88 $833,333 $19,166,667 3.00

$54,000,000 $20,000,000 2.70 $2,000,000 $18,000,000 3.00

$50,500,000 $20,000,000 2.53 $3,166,667 $16,833,333 3.00

Source: Alberta Environment 2011

Sample calculation for the second raw from Table 4 where MFSP Assets are equal to $

57,500,000

1. MFSP Liability-OLD-BSD = Liability Net of Deposits = $20,000,000

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