Troubling that the AER is presenting itself as working in the public interest when it is responsible for the underfunding of the orphan well program not to mention the slow pace of remediation in Alberta. No doubt there will be great fanfare as the SCC confirms the lower court order that the bankrupt company does not have to pay for the liabilities but the reality is this set up was designed to ensure the taxpayers are on the hook in my opinion. Bankruptcy law is set by the federal government and the SCC ruling to confirm the Redwater decision raises the interesting question of what the federal government will do about this mess.
The AER in any case is sitting pretty. It goes through this pretense of fighting for the public interest in this theatre of a lawsuit to confirm the immunity of the oil and gas sector from it's liabilities when the companies go bankrupt. This means that it is completely legal for an oil company to work in Alberta and make profits, then declare bankruptcy without any problems leaving the liabilities up to taxpayers.
Only wish ordinary citizens had such rich options.