Oil and gas companies are still scrambling to understand exactly
how the Supreme Court of Canada's precedent-setting decision in
Redwater will impact their operations moving forward.
While the sector will inevitably feel the full brunt of the
decision, they're not the only industry set to suffer.
Industries like mining, power, lumber, pulp and paper, and any one
where the provinces legislate on abandonment, reclamation and
remediation are all set to be impacted.
There's no doubt Alberta's junior and mid-size oil and
gas producers are the biggest losers out of the decision. The
decision comes after what has been a rough run for many of these
companies, and there is no certainty of a sunnier day around the
corner.
