Australian coal company files nearly $4 billion lawsuit over Alberta's ban on new exploration

Atrum Coal Ltd. of Australia and its subsidiary, Elan Coal Ltd., have filed a $3.83-billion claim against the provincial government overSign up to receive the daily top stories from the Financial Post, a division of Postmedia Network Inc.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails. Postmedia Network Inc.

“In total, the Elan Project has an estimated 486 million tonnes of metallurgical . . . coal and an approximate 34-year mine life,” the lawsuit says.Article content Atrum acquired Elam in March 2018 at a time when Alberta’s existing policy on coal exploration and development “both allowed and encouraged coal exploration and development in the lands underlying the Elan Coal Leases.”

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Australian coal company files nearly $4 billion lawsuit over Alberta's ban on new explorationAtrum Coal Ltd. of Australia and its subsidiary, Elan Coal Ltd. have filed a $3.83\u002Dbillion claim. The deplorables usually occupying this space can suck it, but there's a general sense that Canada isn't open for business, and that's really too bad. We have so much to offer. I’m weighing the value of destroying the Rockies so Australia (and China) can further pollute the skies vs the cost of Alberta later having to fix all of the destruction caused by coal mining… UCP created this problem 🤬 now taxpayers will pay the price. Albertans don't like it when it's their own backyard but preach to the ROC that they'd better support fossil fuels:
Source: nationalpost - 🏆 10. / 80 Read more »

Australian coal company files nearly $4 billion lawsuit over Alberta's ban on new explorationAtrum Coal Ltd. of Australia and its subsidiary, Elan Coal Ltd. have filed a $3.83\u002Dbillion claim.
Source: fpinvesting - 🏆 43. / 63 Read more »