St. John's-based partner Colm St. Roch Seviour is quoted in an article today from the Financial Post entitled, "Higher liability cap boosts investor peace of mind."
The article discusses the proposed Energy Safety and Security Act, which raises the no-fault liability limit for companies involved in exploration and production. The legislation would require companies pay $100-million security before any drilling begins, and as St. Roch Seviour states, "For the junior oil and gas operators, it is certainly a significant hurdle. It might even restrict players to the more deep-pocket players." To read the full article, click here.