OTTAWA — The Supreme Court of Canada will hear an appeal from Alberta’s energy regulator that seeks to overturn a ruling that could allow bankrupt energy companies to walk away from cleaning up abandoned oil wells. In May 2016, an Alberta Queen’s Bench judge ruled in favour of the bankruptcy trustee for Redwater Energy Corp. The Supreme Court agreeing to hear the case suggests it may be reconsidering that test, said Bankes. “We are looking forward to presenting our arguments and are optimistic we may convince the Supreme Court to reverse the lower courts’ decisions,” said regulator head Jim Ellis. As usual, the Supreme Court gave no reasons for agreeing to hear the appeal.

Source: National Post November 09, 2017 15:22 UTC