Who Should Pick Up The Tab For Abandoned Oil Wells?

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The bankruptcy of a small Canadian oil and gas company in 2015 and the following creditor claims have created a legal dispute over who should pay for abandoned wells and whether creditors should have priority over environmental cleanup in case of energy bankruptcies. The oil and gas industry is closely watching the lawsuit—which ended up at Canada’s Supreme Court last month—because it could set precedents for orphan wells remediation and who will pick up the tab.     The Supreme Court is likely to hear the case…The post Who Should Pick Up The Tab For Abandoned Oil Wells? appeared first on aroundworld24.com.
http://aroundworld24.com/2017/08/02/who-should-pick-up-the-tab-for-abandoned-oil-wells/

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