Alberta Appeal Court dismisses coal company lawsuit alleging expropriation

EDMONTON — Alberta's top court is dismissing a coal company's request for compensation over government policies to phase out coal power.

Altius, which owns the Genesee coal mine that feeds the Genesee power plant, lost in Court of King's Bench but took its case to the Alberta Court of Appeal. Because that benefit can be assigned a dollar figure, Altius argued that qualifies it to compensated."Canada’s prediction of the health and environmental benefits resulting from the reduction of greenhouse gas emissions describes benefits to the public, not … an 'advantage' flowing to the state," they wrote.The court found that allowing Altius' appeal would kneecap the government's ability to regulate.

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Alberta Appeal Court dismisses coal company lawsuit alleging expropriationAltius, which owns the Genesee coal mine that feeds the Genesee power plant, lost in Court of King’s Bench but took its case to the Alberta Court of Appeal
Herkunft: globebusiness - 🏆 31. / 66 Weiterlesen »

Alberta Appeal Court dismisses coal company lawsuit alleging expropriationEDMONTON — Alberta's top court is dismissing a coal company's request for compensation over government policies to phase out coal power. Altius Royalty Corp.
Herkunft: BurnabyNOW_News - 🏆 14. / 77 Weiterlesen »