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Contingent Payment | 6 Months Ended
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Jun. 30, 2022
Disclosure of contingent liabilities in business combination [abstract] |
Contingent Payment |
20. CONTINGENT PAYMENT
| Total
As at December 31, 2021 | 236
Re-measurement (1) | 251
Liabilities Settled or Payable | (487)
As at June 30, 2022 | —
(1) Contingent payment was carried at fair value. Changes in fair value were recorded in net earnings (loss). On May 17, 2022, the contingent payment obligations associated with the acquisition of a 50 percent interest in the FCCL Partnership (“FCCL”) from ConocoPhillips Company and certain of its subsidiaries ended. As at June 30, 2022, $177 million was payable and represents the final amount owing under this agreement (December 31, 2021 – $160 million). The final payment will be made in July 2022.

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- Definition The disclosure of contingent liabilities in a business combination. [Refer: Contingent liabilities [member]; Business combinations [member]] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 3 -IssueDate 2021-01-01 -Paragraph B64 -Subparagraph j -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&num=3&code=ifrs-tx-2021-en-r&anchor=para_B64_j&doctype=Appendix&subtype=B -URIDate 2021-03-24 + Details
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