PINL:VITFF - Post by User
Post by
givemeabreak1on Aug 20, 2024 1:06pm
156 Views
Post# 36188203
The answer is no!
The answer is no!A few comments on the board that make no sense. As I recall someone seemed to indicate appointment of a receiver should have gone to government tender instead of Court Appointment. Hopefully, they were just kidding. For those who are familiar with gov tenders it is not a process that is geared to environmental disasters lol. Heck it is not a process that is geared to much of anything.
Another comment was the government acted too quickly and there is no precidence for this quick action! Again, this is an environmental disaster so hopefully we do not have too many of them so tough arguement to make. That said, there is alot of precedence especially in the oil fields. The government of Albert got spanke with massive clean up bills of defunct oil companies many years ago so changed the way they approaced them. One of those ways was to act quickly.
An example, In August 2019 Houston notified the regulator that they were going to shut in their oil in gas operations due to financial distress. The regulator issued an order that Houston did not comply with and by October there was a court ordered receiver appointed.....