Bankrupt energy companies can't abandon old wells, Supreme Court rules

📆 01/02/2019 01.58.00
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The Supreme Court of Canada says the trustee for a bankrupt Alberta energy company cannot simply walk away from unprofitable wells on agricultural land without having to clean up.

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CTV_PowerPlay When the companies are bankrupt, the taxpayers will still pay the bill

CTV_PowerPlay With the down-turn in the oil industry, while still premier of Saskatchewan, Brad Wall requested assistance from the Trudeau government to pay workers to clean up these wells. This would have fulfilled both the main goal and helped the economy. JT said no.

Good luck with that ! RE: define bankrupt!

CTVCalgary This would have been an epic failure to the people of Alberta if it went any other way!

Should be a no brainer

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Supreme Court to rule on whether energy companies can abandon old wellsThe Supreme Court of Canada is set to rule today on whether energy companies can walk away from unprofitable wells on agricultural land without having to clean up behind them. I don't even really know what this is about but if a 'wrong' choice exists, I'm sure the Supreme Court will make it because they're morons. Really, it should be obvious.
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