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Collateral Damage Caused By The Supreme Court Of Canada’s Decision To Overturn The Redwater Decision

The release on January 31, 2019, of the long-awaited court decision (the “Appeal Decision”) by the Supreme Court of Canada to the appeal by the Alberta Energy Regulator (the “AER”) of the May 2016 ruling by the Court of Queen’s Bench of Alberta that provincial regulations are in conflict with the federal Bankruptcy and Insolvency Act (the “Redwater Decision”) was publicly lauded by many observers as the correct “social” decision.

Pessimism Reigns Amongst Canadian Oil And Gas Producers, According To 2019 Industry Survey

The Canadian oil and gas industry is in crisis, with volatile prices, regulatory issues, and market access and diversification concerns driving down capital investment, according to the third annual Daily Oil Bulletin Industry Survey. Industry puts the blame for its predicament squarely on the shoulders of the federal and Alberta governments, according to the survey, which was completed in December 2018.

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