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Alberta's Top Court Dismisses Coal Company's Compensation Request

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Alberta,Court,Coal Company

Alberta's top court has rejected a coal company's plea for compensation over government policies to phase out coal power. Altius Royalty Corp. had sought $190 million in compensation, claiming that the move to end coal generation was a form of expropriation. The court ruled in favor of the government, stating that the regulations and agreements leading to the end of coal-fired power were beneficial in terms of healthcare and the environment.

Alberta's top court has dismissed a coal company's request for compensation over government policies to phase out coal power.Posted: Apr 04, 2024 7:51 PM EDT | Last Updated: 1 hour ago

Altius Royalty Corp., was asking for $190 million in compensation, arguing federal and provincial moves to end such generation over climate and health concerns was a type of expropriation. In its decision, the Appeal Court says Altius argued the regulations and agreements that led to the end of coal-fired power gave governments the benefit of lower health-care and environmental costs.

 

आपकी टिप्पणी के लिए धन्यवाद। आपकी टिप्पणी समीक्षा के बाद प्रकाशित की जाएगी।
हमने इस समाचार को संक्षेप में प्रस्तुत किया है ताकि आप इसे तुरंत पढ़ सकें। यदि आप समाचार में रुचि रखते हैं, तो आप पूरा पाठ यहां पढ़ सकते हैं। और पढो:

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Similar News:आप इससे मिलती-जुलती खबरें भी पढ़ सकते हैं जिन्हें हमने अन्य समाचार स्रोतों से एकत्र किया है।

Alberta Court Dismisses Coal Company's Compensation Request Over Phasing Out Coal PowerThe Alberta Court of Appeal has rejected Altius Royalty Corp.'s claim for $190 million in compensation over government policies to end coal power generation. Altius argued that the regulations and agreements leading to the phase-out resulted in lower health-care and environmental costs, which should entitle them to compensation. However, the court ruled that these benefits belong to the public, not the state.
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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.
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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
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