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

📆 04/04/2024 07:59 p. m.
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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.

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