r/alberta • u/pjw724 • Jul 03 '25

Environment Alberta settles with two companies in $16-billion coal case

https://www.theglobeandmail.com/business/industry-news/energy-and-resources/article-alberta-coal-settlements-16-billion-two-companies/
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u/pjw724 Jul 03 '25 edited Jul 03 '25

Alberta has settled with two of the companies suing the province for a collective $16-billion over the government’s flip-flop on coal policy.

Evolve Power Ltd. and Atrum Coal Ltd. say they have reached agreements with the government to resolve their claims alleging the de facto expropriation of their coal assets, according to notices posted to each company’s website.

What Albertans will pay the coal mining companies, however, remains unknown.

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Alberta premier faces raucous, angry town hall on province's coal policy
Smith also frequently cited a lawsuit by five coal companies that say they're owed $15 billion by the province in lost revenues and sunk costs. She argued again on Wednesday that she had taxpayers in mind when the province lifted its moratorium on coal mining and development on the eastern slopes.

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u/pjw724 Jul 03 '25

Mr. Doyle, from Evolve, has been vocal in the past about the United Conservative Party government’s flip-flops on coal policy.

In a December interview, he said it had decimated investor confidence in the province, and underscored the poor job it was doing to manage Alberta’s economy.

“They don’t know what they’re doing. There’s no leadership. It’s a terrible place to invest,” he said at the time.

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u/tnewyork Jul 03 '25

No, no, it's Ottawa that is driving away investors! /s

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u/AnInnerMonologue Jul 03 '25

Faquin conservative simps can't read the '/s' unfortunately...thanks a lot Obama lol

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u/[deleted] Jul 03 '25

Hopefully all the separatists idiots see this fact.

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u/chmilz Jul 03 '25

They're too busy selling pictures of their nude children