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Questerre Energy Corp (Canada) QTEYF


Primary Symbol: T.QEC

Questerre Energy Corporation is a Canada-based energy technology and innovation company. The Company is engaged in the acquisition, exploration and development of oil and gas projects, in specific, non-conventional projects such as tight oil, oil shale, shale oil and shale gas. The Company’s segments include Western Canada, Quebec and Corporate & other. The Western Canada segment is engaged in exploration and development activities in Western Canada, including Alberta, Saskatchewan, and Manitoba with existing production of natural gas, crude oil, and natural gas liquids. The Quebec segment is engaged in development of a significant natural gas discovery in the province with a focus on securing social acceptability and regulatory approvals for a clean technology energy project. The Corporate & other segment provides general and administrative resources to manage the respective operating segments. It also Includes exploration activities in the Kingdom of Jordan.


TSX:QEC - Post by User

Post by nozzpackon Apr 14, 2022 8:03am
139 Views
Post# 34603008

Questerre Response..It ain’t over til it’s over

Questerre Response..It ain’t over til it’s over

 

Questerre displeased with Quebec passing Bill 21

 

2022-04-13 19:36 ET - News Release

 

Mr. Michael Binnion reports

GOVERNMENT OF QUEBEC PASSES BILL 21

Questerre Energy Corp. has noted the government of Quebec has passed Bill 21, an act mainly to end petroleum exploration and production and the public financing of those activities.

Michael Binnion, president and chief executive officer, commented: "We are incredibly disappointed that the government of Quebec has chosen to proceed with this legislation. By blocking the development of its natural gas resources with zero-emissions technology for export, Quebec is missing an important opportunity to work with other nations to provide secure, reliable energy for our European allies. It also leaves the province highly dependent on imports of natural gas and petroleum that meet more than half their energy needs.


Moreover, this does nothing to actually reduce greenhouse gas emissions in Quebec or globally."

He added: "We were also deeply disappointed to see that the government failed to honour their legal obligations to consult with the Wolinak of Abenaki First Nation who have partnered with us to develop their land.

The Wolinak Abenaki Council has called on the government to respect and engage with them for development on their traditional territory.

If the government declines this invitation, the council will have no choice but to proceed with its claim by obtaining an ancestral aboriginal title."

He further added, "As we wait for Bill 21 to come into force, we will be assessing our legal options to preserve the rights of our shareholders."

Bill 21 was approved by the elected representatives of the National Assembly in Quebec. A provisional copy of the legislation is available on-line. It has received the assent of the lieutenant governor of Quebec.

The law, in whole or in parts, will come into force at the government's discretion following the finalization of the associated regulations including the proposed compensation program.

Questerre is an energy technology and innovation company. It is leveraging its expertise gained through early exposure to low permeability reservoirs to acquire significant high-quality resources. The company believes it can successfully transition its energy portfolio. With new clean technologies and innovation to responsibly produce and use energy, the company can sustain both human progress and the natural environment.

Questerre is a believer that the future success of the oil and gas industry depends on a balance of economics, environment and society. It is committed to being transparent and is respectful that the public must be part of making the important choices for the energy future.

We seek Safe Harbor.

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