Bankruptcy of energy company may show lenders view industry differently CAPP

first_imgThe bankruptcy of a Calgary energy company that plans to walk away from thousands of gas wells may be a sign lenders are changing how they look at the industry in light of a recent Supreme Court ruling.Brad Herald, vice-president of the Canadian Association of Petroleum Producers, says institutions are now taking a harder look at costs of cleaning up old wells after the so-called Redwater decision.That decision says bankrupt companies must pay those costs before they’re allowed to sell off any remaining assets.Trident Exploration announced Wednesday it was ending operations and abandoning 4,700 gas wells.It says the Redwater decision was one of the reasons it decided to wind things up.But University of Calgary resource law professor Nigel Bankes says it’s good that bankers are weighing clean-up costs in their financing decisions.  Herald says many or even most of Trident’s wells could be bought by another operator, who would then take over clean-up responsibility.The Canadian Presslast_img read more

Mikmaq have long history in Boston

first_imgAPTN National NewsIt’s known that Boston has been in the news because of the recent bombing.But what you may not know is Mi’kmaq people have a long history with the city.APTN’s Tim Fontaine traveled there and has this story in the first of a three-part [email protected]last_img

Delhi swoons to Bullas tunes

first_imgThe stage was set, instruments tuned and the mike set at the right frequency. A while later in comes the Indian rockstar, Rabbi Shergill. As he crooned in his mesmerising voice, the crowd went berserk and was left craving for more.Shergill performed at Blue Frog in the capital after more than a year and cast his magic over a jam packed audience of more than 700 Rabbi- lovers.He dedicated the show to his homeland Delhi and like a true music lover emphasised on the message of bringing back peace and humanity through music, brotherhood and love. His brilliant renditions of popular numbers like Also Read – ‘Playing Jojo was emotionally exhausting’Dilli, Ganga, Tere Bin and the all time hit Bulla struck the right chords and enthralled evryone present there.Rabbi was supported by a collection of other talented musicians who created a symphony in sync with the ambience and the evening blended in beautifully with some great music and food. Names like Andrew Ferrao on keyboard, Steve Valte on drums, Mahesh Subramoni on bass guitar and Amit, the Percussionist formed the best ever band who entertained successfully.last_img read more