The Supreme Court of Canada has ruled that energy companies cannot abandon their responsibility to clean up old oil…

The Supreme Court of Canada has ruled that energy companies cannot abandon their responsibility to clean up old oil and natural gas wells in the case of bankruptcy.

This overturns two lower court decisions that ruled bankruptcy law has paramountcy over provincial environmental responsibilities in the case of Redwater Energy, which became insolvent in 2015.

The court ruled 5-2 to overturn the earlier ruling. In doing that, it said that bankruptcy is not a license to ignore environmental regulations. #cdnpoli

https://www.cbc.ca/news/business/supreme-court-redwater-decision-orphan-wells-1.4998995