Sign Up for FREE Daily Energy News
canada flag CDN NEWS  |  us flag US NEWS  | TIMELY. FOCUSED. RELEVANT. FREE
  • Stay Connected
  • linkedin
  • twitter
  • facebook
  • instagram
  • youtube2
BREAKING NEWS:
Copper Tip Energy Services
Hazloc Heaters
WEC - Western Engineered Containment
Hazloc Heaters
WEC - Western Engineered Containment
Copper Tip Energy


Alberta Premier Smith Says Taxpayers Must be Protected From Coal Lawsuits


These translations are done via Google Translate

The freeze on coal exploration prompted coal companies to sue the province over $15 billion in lost revenues and costs

Alberta Premier Danielle Smith says the province had taxpayers in mind when it lifted a ban on new coal exploration in the Rockies.

Smith says the cost of pending lawsuits was factored into the decision last week by Energy Minister Brian Jean to lift the moratorium on new coal development.

The decision is the latest in a series of back-and-forth government policy manoeuvres over coal development on the eastern slopes of the mountain chain.

Fluor
Corporate Traveller

The United Conservative Party government opened the door to new coal projects in 2020 only to close the door again in 2022 after public concerns, mainly over environmental impact.

That freeze on coal exploration and development prompted five coal companies to sue the province, arguing they’re owed more than $15 billion in lost revenues and costs.

Smith says the potential liability facing Alberta means the government needs to take the lawsuits seriously and taxpayers need to be protected, but critics say the province has needlessly declared open season on coal development.



Share This:



More News Articles


GET ENERGYNOW’S DAILY EMAIL FOR FREE