The Supreme Court of Canada has reversed a ruling that prevented the Alberta Energy Regulator from seizing assets of a bankrupt energy company to pay the cost of cleaning up... Who's Online | Find Members | Private Messages
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Supreme Court says bankruptcy is no excuse ‘to ignore rules’

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16 days ago - Friday 2/1/19 - 5:27:56 PM EST (GMT-5)
The Supreme Court of Canada has reversed a ruling that prevented the Alberta Energy Regulator from seizing assets of a bankrupt energy company to pay the cost of cleaning up contamination from its abandoned wells.

In a 5-2 decision, the ruling makes it clear that companies cannot use federal Bankruptcy and Insolvency Act (BIA) to avoid regulations requiring them to pay for abandoned well cleanup.
16 days ago - Friday 2/1/19 - 5:28:26 PM EST (GMT-5)
16 days ago - Friday 2/1/19 - 5:30:24 PM EST (GMT-5)
That’s good!
16 days ago - Friday 2/1/19 - 5:34:53 PM EST (GMT-5)
Now if they could force gas station businesses to clean their lots instead of abandoning them that would be fantastic.



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