Pump jacks are ubiquitous in Alberta and have become just as emblematic of the oil and natural gas-focused province as the fields of wheat or canola they sit in.
But this week, the Supreme Court will tackle a case at the heart of the question of who pays to clean up wells that are no longer economically viable, or those already sitting idle in an era of low oil prices.
On Thursday, the Supreme Court will hear an appeal led by the Alberta Energy Regulator on a case focused on whether provincial regulations requiring the environmental cleanup of old wells can co-exist with a federal insolvency law that puts banks and other lending institutions first in line for getting paid when a company goes bankrupt. A 2016 Alberta Court of Queen’s B…
Read the full article at: https://www.theglobeandmail.com/news/alberta/supreme-court-case-pits-provincial-environmental-rules-against-federal-insolvency-laws/article37973819/
