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    Panel upholds Alberta regulator’s orders against embattled energy company

    YYC TimesBy YYC TimesFebruary 29, 2024No Comments2 Mins Read

    By Workers

    The Canadian Press

    Posted February 29, 2024 4:40 pm

    1 min learn

    A listening to panel for Alberta’s vitality regulator has upheld two orders in opposition to an organization that had hundreds of inactive oil and gasoline wells seized final yr.

    The regulator transferred management of greater than 6,000 wells, pipeline segments and different services to the Orphan Properly Affiliation in September 2023, citing AlphaBow Vitality’s failure to adjust to the 2 orders.

    An order issued in March 2023 known as for AlphaBow to exhibit affordable care and measures at its websites.

    Three months later, the Alberta Vitality Regulator ordered the corporate to droop its licences and websites over what it stated was a failure to adjust to the sooner order.


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    high information tales from Canada and world wide.

    AlphaBow’s requests for regulatory appeals have been granted, and a public oral listening to was held late final yr.

    In a information launch asserting its choice, the listening to panel says it discovered that the regulator didn’t breach procedural equity in issuing the orders and that it didn’t train its discretion to concern the orders in a way that was unreasonable.

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    AlphaBow was not instantly capable of present a response.


    Click to play video: 'Budget officer finds $1B oil and gas orphan well liability, critics say it’s much higher'

    2:00
    Funds officer finds $1B oil and gasoline orphan effectively legal responsibility, critics say it’s a lot larger


    &copy 2024 The Canadian Press



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