The Alberta government plans to relax a rule that requires energy companies seeking to buy viable wells from bankruptcy proceedings to first pay all the failed producer's outstanding taxes.
"I have informed the Alberta Energy Regulator and the Orphan Well Association that my office will be amending the order in a way that will protect the value of productive assets and ensure that they can be acquired by responsible operators," said Energy Minister Brian Jean in an email.
"We believe that a significant minority of the assets sent to the (association) in the recent past will be found attractive by industry."
Esta historia es de la edición July 16, 2024 de Toronto Star.
Suscríbase a Magzter GOLD para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor ? Conectar
Esta historia es de la edición July 16, 2024 de Toronto Star.
Suscríbase a Magzter GOLD para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor? Conectar