Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Canadian Oil & Gas Companies -- Ignore unavailable to you. Want to Upgrade?

To: kidl who wrote (19119)	5/4/2012 10:16:11 AM
From: teevee	2 Recommendations Respond to of 24928

Yes, opponents may challenge an approval and seek an injunction in court, and appeal all the way to the supreme court, however, the challenge would not stop construction from proceeding. An example (and precedent under previous Liberal Gov't) is the CNQ oil sands plant that was challenged in the courts. The environmentalists actually finally eventually won their court case, but by then, the outcome was moot as the plant was already built. Considering the legal fees involved, I expect lawyers for every organization that opposes these projects will recommend court challenges. Challenging large resource projects is an ongoing fee cash cow for law firms that effectively milks the treasuries of First Nations and non profit "green" charities. Interestingly, I have yet to see an investigative reporter take an in depth look at the connections between the non profit "green" charities and the legal firms that act for them. With so much money involved, I have no doubt there would be some interesting findings:-)