17 Sep Where to from here? SAVE THE DATE for Green Regs ‘n’ Ham Calgary October 24 2019
Environmental liabilities and diminished credit facilities: Insolvency, environmental obligations and the impact of the Redwater decision
Alberta has a crisis on its hands. A mountain of environmental obligations exists across the Alberta landscape.
These obligations take the form of abandonment and reclamation (and remediation) requirements for the oil and gas sector; a sector under a cash crunch. Low resource prices have pushed many firms into insolvency, leaving many outstanding and difficult questions about how the environmental liabilities will be covered, now and into the future.
Join Keely Cameron and the ELC to discuss the legal and practical challenges faced by the industry, the environment, and the public purse. The breakfast discussion will include a review of the impacts of the Redwater decision (Orphan Well Association v. GrantThornton Ltd., 2019 SCC 5 ) and how the province (and the federal government) could respond .
More information about the speakers and tickets will be available online shortly.
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ABOUT THE ENVIRONMENTAL LAW CENTRE:
The Environmental Law Centre (ELC) has been seeking strong and effective environmental laws since it was founded in 1982. The ELC is dedicated to providing credible, comprehensive and objective legal information regarding natural resources, energy and environmental law, policy and regulation in Alberta. The ELC’s mission is to educate and champion for strong laws and rights so all Albertans can enjoy clean water, clean air and a healthy environment. Our vision is a society where laws secure an environment that sustains current and future generations.
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