A recent ruling by Alberta's Court of Queen's Bench could favor creditors over environmental concerns when determining the priority placed on cleaning up abandoned oil wells, a Canadian lawyer told Bloomberg BNA. As the province at the heart of Canada's oil production struggles with the cascading effects of low oil prices, Chief Justice Neil Wittmann ruled in Redwater Energy Corporation (Re) (Alberta Ct. of Queen's Bench, ABQB 278, 5/17/16) that-as a result of conflict between federal and provincial laws-the receivership trustee of an Alberta oil company is not responsible for abandonment, environmental reclamation and remediation of the wells of a company in bankruptcy.
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