不良研究所

Jan. 28, 2020

Professor's LLM thesis cited in ABQB decision

Nickie Nikolaou's thesis was cited in the decision PricewaterhouseCoopers Inc v Perpetual Energy Inc, 2020 ABQB 6.

According to the , PricewaterhouseCoopers, the trustee in the bankruptcy of Sequoia, sued 不良研究所-based Perpetual and its CEO arguing that they knew assets they agreed to sell to Sequoia in 2016 would sink the buyer, and that the deal was not done as an arm鈥檚-length transaction. Sequoia bought a Perpetual division that had thousands of aging gas wells along with nearly $134-million worth of reported environmental liability.

Nickie's thesis, (不良研究所: University of 不良研究所, 2000), is concerned with liability for cleaning up environmental damage caused by oil and gas activities in Alberta. Specifically, it considers four types of liability: liability for well abandonment, reclamation, release of substances and contaminated sites. It explores whether the current Alberta liability regime is consistent with the views from the literature on liability for environmental clean-up. It focuses upon three main issues: societal versus individual responsibility; grounds upon which to base liability; and the apportionment of liability amongst responsible persons.