GFM Network News


Bankrupt oil firms must clean up inactive wells, Supreme Court rules

Ottawa/Winnipeg | Reuters — Canada’s Supreme Court ruled on Thursday that bankrupt oil companies must clean up inactive wells, overturning lower court decisions that prioritized paying creditors and potentially raising the risks of investment in the industry. The 5-2 ruling means that the Alberta Energy Regulator (AER), which had appealed the earlier court decisions, can […] Read more