Source: Tracy Johnson, CBC News, January 31, 2019
Canada’s top court overturns Redwater Energy lower court decision
Energy companies must fulfil their environmental obligations before paying back creditors in the case of insolvency or bankruptcy, Canada’s Supreme Court has ruled.
The top court’s ruling released Thursday overturns two lower court decisions that said bankruptcy law has paramountcy over provincial environmental responsibilities in the case of Redwater Energy, which became insolvent in 2015.
For the latest information and for more updates on everything Kindersley ‘Like’ the Kindersley Social Facebook page below…
