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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.

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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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