Utica Resources Sues Quebec for C$18Bn for Banning O&G Production

The province of Quebec, Canada, with a huge supply of Utica Shale gas sitting beneath it, passed a new law in April--Bill 21--outlawing all oil and natural gas production throughout the province (see Quebec Pulls Trigger & Commits Energy Suicide – Bans All O&G Prod.). It is a breathtaking grab of totalitarian power. It’s also energy suicide. Quebec says it will pay a piddly US$79.5 million to expropriate the oil and gas drilling rights of companies owning those rights in the province. One of the gas producers in the province, Utica Resources, has just sued the province to either overturn Bill 21, or force Quebec to pay it C$18 billion (US$14 billion). That's just a tad more than the proffered $79.5 million, wouldn't you say? Bear in mind Utica Resources is just one company of many with a legitimate claim against Quebec.

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