06:47:20 EDT Thu 28 Mar 2024
Enter Symbol
or Name
USA
CA



Husky Energy Inc
Symbol HSE
Shares Issued 1,005,121,738
Close 2019-02-01 C$ 15.64
Market Cap C$ 15,720,103,982
Recent Sedar Documents

Globe says Husky, rivals hear top court ruling a win

2019-02-04 08:09 ET - In the News

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The Globe and Mail reports in its Monday, Feb. 4, edition that the Supreme Court of Canada last week overturned the Court of Appeal of Alberta's decision in the Redwater legal case. The Globe's guest columnists Simon Dyer and Blake Shaffer write that the court's ruling ensures environmental cleanup costs will get priority over creditors when companies go bankrupt, a reassuring outcome for Canadian regulators and taxpayers. However, it does not resolve the challenges posed by insolvent operators. While regulators are now first in line to access bankrupt companies' remaining assets, there is no guarantee those assets will be sufficient to cover cleanup costs. Taxpayers still risk being left on the hook. These risks are especially relevant for Alberta, because of a heavy load of industrial cleanup obligations. Until these sites get cleaned up, they pose environmental and health risks to landowners. However, the financial risk to Alberta taxpayers remains. Thankfully, the Supreme Court's decision will not make the problem worse.

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