Teck Resolves Fisheries Act Charges - Seite 2

These forward-looking statements include, but are not limited to, statements concerning: the Crown not proceeding with charges relating to the same discharges over the period from 2013-2019; the expected cost of implementing incremental measures required under the October 2020 Direction issued by Environment and Climate Change Canada; the steps Teck Coal is taking to improve water quality; Teck Coal’s adoption of new technologies; its plans for further investment in water treatment and management; and its commitment to addressing the water quality challenge in the Elk Valley and to maintain employment and economic activity.

These statements are based on a number of assumptions, including, but not limited to assumptions with respect to acts by governments and the outcome of legal proceedings, the receipt of regulatory and governmental approvals for our operations, including mine extensions, and our water treatment and water management projects, engineering and construction timetables and capital costs for those projects, the effectiveness of water treatment technology, including assumptions that additional treatment will be effective at scale, that the technology and facilities operate as expected, and that water quality modeling accurately forecasts conditions in the environment and water treatment requirements. The foregoing list of assumptions is not exhaustive. Events or circumstances could cause actual results to vary materially.

Factors that may cause actual results to vary materially include, but are not limited to, the outcome of legal proceedings or regulatory developments, failure of plant, equipment or processes to operate in accordance with specifications or expectations, government action or delays in the receipt of government approvals, delays in construction or commissioning, industrial disturbances or other job action, adverse weather conditions and unanticipated events related to health, safety and environmental matters, labour disputes, impact of COVID-19 mitigation protocols, political risk, social unrest, difficulty in obtaining permits, and changes or further deterioration in environmental conditions or fish populations, and changes in general economic conditions. Current and new technologies relating to our Elk Valley water treatment efforts may not perform as anticipated, and ongoing monitoring may reveal unexpected environmental conditions requiring additional remedial measures.