Originally posted  1 November 2018
SUMMARY

  • What were the justices asking?
  • Stakes include who will pay for the vast environmental liabilities created by the extraction of oil and gas
  • Outcome will determine the future structure of lending in the oil patch
  • How is the AER’s licensee liability rating system expected to work during a downturn?

On Thursday 15 February 2018, I attended the hearing on the Redwater Resources case at the impressive Supreme Court Building along Wellington Street.  I had hoped to produce a write-up on the questionning by the justices well before now… but life has its interruptions.

Originally posted 10 April 2018
Political agendas- staying in power and getting re-elected

  • Are environmental groups under undue influence of foreign players?
  • Possible Solution – feds exercising its jurisdiction over marine activities?

Canada’s oil and gas industry and financial community and their media allies have ramped up pressure on politicians in Victoria, Ottawa, and Edmonton to reach a deal. Capital hates regulatory uncertainty and Kinder Morgan’s board has finally said “enough is enough.”  The parent company of Kinder Morgan Canada is based in Texas and its Texas roots have been used to bolster opposition to the pipeline.

Originally posted 2 April 2018
Highlights:

  • Alberta Energy Regulator and Licensee Liability Rating system
  • Roles played Orphan Well Association and Surface Rights Board
  • Nomenclature
  • What are asset retirement obligations?

Albertarecessionwatch.com has been examining the scope of reclamation costs faced by the Alberta oil, gas and oil sands industries, and, ultimately, the Alberta government and taxpayers.  The Redwater Resources case,  4503287746 heard by the Supreme Court on 15 February is, arguably, the first salvo in what will be a long drawn out legal affair pitting environmental “interests” (NGOs, some governments, indigenous groups) against other governments, regulators, banks, and the energy industry.