AER President and CEO Jim Ellis
We are looking forward to presenting our arguments and are optimistic we may convince the Supreme Court to reverse the lower courts’ decisions.
AER President and CEO Jim Ellis
Alberta,
09
November
2017
|
18:38
America/Denver

See You in Court

Supreme Court opens door to AER appeal of Redwater decision

Picture oil and gas companies walking away from thousands of wells, receivers of insolvent companies selling off the good assets and casting aside the bad ones, and Albertans being on the hook to clean up the mess.

This has been a very real scenario following a 2016 Court of Queen’s Bench of Alberta ruling that would allow receivers and trustees of insolvent oil and gas companies to disclaim unprofitable assets, thereby letting owners of industrial facilities walk away from their environmental responsibilities.

However, today the Supreme Court of Canada agreed to hear the expedited appeal of the Alberta Energy Regulator (AER) and Orphan Well Association on the Redwater ruling.

AER President and CEO Jim Ellis lauded today’s ruling, saying “we are looking forward to presenting our arguments and are optimistic we may convince the Supreme Court to reverse the lower courts’ decisions.”

In the media

Bankrupt oil companies dump $100 million in clean up costs on Orphan Well Association in under two years
The Alberta government is concerned more companies will strip off bad assets, handing the bill to the OWA, and potentially, onto taxpayers
09
Nov
2017
business.financialpost.com
Legal battle over abandoned oil wells bound for Supreme Court
The Redwater ruling gives creditors priority over environmental cleanup
09
Nov
2017
www.cbc.ca

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