Alberta's energy regulator has asked the Supreme Court of Canada to review a ruling that could allow energy companies to walk away from cleaning up abandoned oil wells and affect industrial sites across the country. In documents filed Tuesday, the regulator formally applied to the top court for leave to appeal the so-called Redwater decision. In May 2016, an Alberta Queen's Bench judge ruled in favour of the bankruptcy trustee of Redwater Energy Corp. "The decision's resulted in unacceptable risks to Albertans and it presents an environmental risk across Canada to all industrial sectors," said Ryan Bartlett, spokesman for the Alberta Energy Regulator. The Redwater Energy Corp trustee and its lender, ATB Financial, wanted to sell off the company's remaining producing wells to pay creditors.

Source: CBC News July 05, 2017 23:37 UTC