GFM Network News



Bankrupt oil firms must clean up inactive wells, Supreme Court rules

Ottawa/Winnipeg | Reuters — Canada’s Supreme Court ruled on Thursday that bankrupt oil companies must clean up inactive wells, overturning lower court decisions that prioritized paying creditors and potentially raising the risks of investment in the industry. The 5-2 ruling means that the Alberta Energy Regulator (AER), which had appealed the earlier court decisions, can […] Read more





Orphan wells a growing problem for Alberta farmers

There are thousands of abandoned wells, which not only means 
lost rents but weed issues and contamination risks

Landowners and farmers could be left holding the bill following the bankruptcy of yet another Alberta energy company. Calgary-based natural gas producer Sequoia Resources Corp. ceased operations last month, abandoning a number of aging oil and gas wells that need to be sealed and cleaned up. “With Sequoia, there are 3,000 wells — 700 abandoned […] Read more

Mexico court rejects appeal to lift GM corn ban

Mexico City | Reuters –– A Mexican court has rejected a company’s appeal to lift a ban on commercial planting of transgenic corn in Mexico, passing the matter to the Supreme Court, a lawyer for the firm said Friday. A federal court in Mexico City rejected the suit by PHI Mexico, a unit of U.S. […] Read more



Brazil’s Supreme Court won’t release JBS brothers

Sao Paulo | Reuters — Brazil Supreme Court Justice Gilmar Mendes on Friday denied a request to release from jail Joesley and Wesley Batista, the brothers who control the world’s largest meatpacker JBS SA. The Batistas’ defense challenged the detention of the brothers after their arrest last week by federal police in a probe into […] Read more


India’s top court suspends ban on trade in cattle for slaughter

New Delhi | Reuters — India’s Supreme Court suspended on Tuesday a government ban on the trade of cattle for slaughter, a boost for the multi-billion dollar beef and leather industries mostly run by members of the Muslim minority. Prime Minister Narendra Modi’s Hindu nationalist government in May decreed that markets could only trade cattle […] Read more